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| GGB Makes Bullish Cross Above Critical Moving AverageBy Metals Channel Staff, Wednesday, January 11, 4:17 PM ET
In trading on Wednesday, shares of Gerdau S.A. (NYSE:GGB) crossed above their 200 day moving average of $9.25, changing hands as high as $9.26 per share. Gerdau S.A. shares are currently trading up about 2.8% on the day. The chart below shows the one year performance of GGB shares, versus its 200 day moving average:
Looking at the chart above, GGB's low point in its 52 week range is $6.60 per share, with $15.11 as the 52 week high point — that compares with a last trade of $9.21. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation from Forbes According to the ETF Finder at ETF Channel, GGB makes up 5.63% of the Steel ETF (AMEX:SLX) which is trading higher by about 1.3% on the day Wednesday. See what other ETFs contain GGB » GGB operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Ternium S A (NYSE:TX) which is up about 0.6% today, and Freeport-McMoran Copper & Gold (NYSE:FCX) trading higher by about 3.1%. Below is a three month price history chart comparing the stock performance of GGB, versus TX and FCX.
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