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Schnitzer Steel Industries, Inc. Breaks Above 200-Day Moving Average - Bullish for SCHN

By Metals Channel Staff, Tuesday, December 18, 5:05 PM ET
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In trading on Tuesday, shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) crossed above their 200 day moving average of $31.45, changing hands as high as $31.50 per share. Schnitzer Steel Industries, Inc. shares are currently trading up about 4.2% 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 $22.78 per share, with $47.45 as the 52 week high point — that compares with a last trade of $31.25.


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According to the ETF Finder at ETF Channel, SCHN makes up 3.04% of the SPDR S&P Metals and Mining ETF (AMEX:XME) which is trading up by about 1.7% on the day Tuesday.

     See what other ETFs contain SCHN »
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