Technical Study: Allegheny Technologies Inc., Precision Castparts Corp., Carpenter Technology Corp., and Reliance Steel & Aluminum Co.
LONDON, September 24, 2013 /PRNewswire/ --
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The U.S. equity market slipped on Monday, September 23, 2013. All three benchmark indexes closed lower, with the Dow Jones Industrial Average, the S&P 500, and the NASDAQ Composite falling by 0.32%, 0.47%, and 0.25%, respectively. Shares in the metal fabrication industry ended mostly on a lower note, tracking losses in the broader market. The major movers in the sector included Allegheny Technologies Inc. (NYSE: ATI), Precision Castparts Corporation (NYSE: PCP), Carpenter Technology Corporation (NYSE: CRS), and Reliance Steel & Aluminum Company (NYSE: RS). AAAResearchReports.com free coverage on ATI, PCP, CRS, and RS is available upon registration at:
http://www.aaaresearchreports.com/register/
Shares in Allegheny Technologies Inc. posted marginal gains on Monday, even as the broader market finished on a lower note. The company's shares vacillated between $30.84 and $31.22 before ending the day 0.06% higher at $31.01. A total of 1.16 million shares were traded, which is below the daily average volume of 1.43 million. The company's shares have surged 12.64% in the last one month and 12.52% in the previous three months, outperforming the S&P 500 which has advanced 2.30% and 6.87% during the respective periods. Moreover, Allegheny Technologies Inc.'s stock is trading above its 50-day and 200-day moving averages of $27.90 and $29.10, respectively. Download free technical research on ATI by signing up at:
http://www.AAAResearchReports.com/ATI092413.pdf
On Monday, Precision Castparts Corp.'s stock fell sharply to close at $228.61, which is 1.54% lower than the previous day's closing price of $232.19. The company's shares oscillated between $228.50 and $233.15 during the trading session. A total of 0.84 million shares were traded, which is above the daily average volume of 0.72 million. Despite Monday's pullback, the company's shares have gained 7.97% in the previous three months and 4.79% in the last one month, compared to a gain of 6.87% and 2.30% in the S&P 500 during the respective periods. Additionally, Precision Castparts Corp.'s stock is trading above its 50-day and 200-day moving averages of $224.17 and $203.42, respectively. Register now and get access to free analysis on PCP at:
http://www.AAAResearchReports.com/PCP092413.pdf
Shares in Carpenter Technology Corp. edged lower on Monday, extending the losses from the previous trading session. The company's shares closed the day 0.31% lower at $57.90 after oscillating between $57.50 and $58.25. A total of 0.40 million shares were traded, which is above the daily average volume of 0.33 million. Carpenter Technology Corp.'s shares have gained 26.61% in the previous three months and 3.21% in the last one month, compared to a gain of 6.87% and 2.30% in the S&P 500 during the respective periods. Further, the company's stock is currently trading above its 50-day and 200-day moving averages of $53.85 and $49.90, respectively. Sign up and read our complimentary report on CRS at:
http://www.AAAResearchReports.com/CRS092413.pdf
Reliance Steel & Aluminum Co.'s stock declined by 0.88% on Monday, tracking losses in the broader market. The company's shares vacillated between $74.32 and $75.58 before finishing the day at $74.32. A total of 0.50 million shares were traded, which is above the daily average volume of 0.47 million. Reliance Steel & Aluminum Co.'s shares have surged 15.06% in the previous three months and 6.81% in the last one month, outperforming the S&P 500 which has gained 6.87% and 2.30% during the respective periods. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages of $69.87 and $66.77, respectively. The free report on RS can be downloaded by signing up now at:
http://www.AAAResearchReports.com/RS092413.pdf
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