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SCHN Makes Bullish Cross Above Critical Moving Average

By Market News Video Staff, Thursday, July 7, 1:32 PM ET
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In trading on Thursday, shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) crossed above their 200 day moving average of $58.45, changing hands as high as $58.54 per share. Schnitzer Steel Industries, Inc. shares are currently trading up about 1.9% on the day. The chart below shows the one year performance of SCHN shares, versus its 200 day moving average:

Schnitzer Steel Industries, Inc. 200 Day Moving Average Chart

Looking at the chart above, SCHN's low point in its 52 week range is $37.36 per share, with $69.43 as the 52 week high point — that compares with a last trade of $58.34.

According to the ETF Finder at ETF Channel, SCHN makes up 2.60% of the SPDR S&P Metals and Mining ETF (AMEX:XME) which is trading higher by about 1.8% on the day Thursday.

     See what other ETFs contain SCHN »
     See what other stocks are held by XME »

SCHN operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Infinite Resources, Inc. (IRSC), and Sterlite Industries Ltd. (NYSE:SLT) trading higher by about 1.2%. Below is a three month price history chart comparing the stock performance of SCHN, versus SLT.

SCHN,SLT Relative Performance Chart


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