SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of Reliance Steel & Aluminum (RS)
SmarTrend identified an Uptrend for Reliance Steel & Aluminum (NYSE: RS) on February 17, 2010 at $43.93. In approximately 4 weeks, Reliance Steel & Aluminum has returned 9.2% as of today's recent price of $47.96.
Reliance Steel & Aluminum is currently above its 50-day moving average of $44.41 and above its 200-day moving average of $40.76. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Reliance Steel & Aluminum shares.
Write to Chip Brian at cbrian@tradethetrend.com
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