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CMC Crosses Below Key Moving Average Level
By Metals Channel Staff, Monday, December 3, 12:33 PM ET
In trading on Monday, shares of Commercial Metals Co. (NYSE:CMC) crossed below their 200 day moving average of $13.41, changing hands as low as $13.32 per share. Commercial Metals Co. shares are currently trading off about 1.7% on the day. The chart below shows the one year performance of CMC shares, versus its 200 day moving average:
Looking at the chart above, CMC's low point in its 52 week range is $11.30 per share, with $16.48 as the 52 week high point — that compares with a last trade of $13.33.
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According to the ETF Finder at ETF Channel, CMC makes up 3.19% of the SPDR S&P Metals and Mining ETF (AMEX:XME) which is trading lower by about 0.8% on the day Monday.
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