he Market Vectors Steel ETF (AMEX:SLX) is seeing unusually high volume in afternoon trading Tuesday, with over 284,000 shares traded versus three month average volume of about 55,000. Shares of SLX were down about 1.8% on the day.
Components of that ETF with the highest volume on Tuesday were Vale (NYSE:VALE), trading off about 2.9% with over 13.7 million shares changing hands so far this session, and Cliffs Natural Resources (NYSE:CLF), down about 4% on volume of over 6.9 million shares. LB Foster (NASDAQ:FSTR) is the component faring the best Tuesday, higher by about 1.6% on the day, while AM Castle (CAS) is lagging other components of the Market Vectors Steel ETF, trading lower by about 5.9%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.