Market Technical on Materials Sector: Alcoa, Arcelor Mittal, Nucor, and Century Aluminum
LONDON, January 16, 2014 /PRNewswire/ --
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On Wednesday, January 15, 2014, the U.S. equity market edged higher, as the S&P 500 ended the day at 1,848.38, up 0.52%; the Dow Jones Industrial Average closed at 16,481.94, up 0.66%; and the NASDAQ Composite finished at 4,214.88, up 0.76%. The S&P 500 Materials Sector Index closed the session 0.65% higher at 290.01; and the S&P 500 Metals & Mining Industry Index rose 1.03% to close at 135.40. The S&P 500 Metals & Mining Industry Index has gained 4.88% in the last one month and 0.63% in the previous three trading sessions, outperforming the S&P 500, which has gained 4.12% and 0.33% during the respective periods. The major movers in the Metals & Mining Industry included Alcoa Inc. (NYSE: AA), ArcelorMittal (NYSE: MT), Nucor Corp. (NYSE: NUE), and Century Aluminum Co. (NASDAQ: CENX). AAAResearchReports.com has released free charting and technical research on these aforementioned companies. Register to read these reports at:
On Wednesday, Alcoa Inc.'s stock posted gains to end the day at $10.59, up 2.62% from the previous day's closing price of $10.32. The company's shares vacillated between $10.36 and $10.60 during the trading session. A total of 31.93 million shares were traded, which is above the daily average volume of 25.29 million. The company's shares have surged 26.37% in the previous three months and 11.36% in the last one month, outperforming the S&P 500, which has gained 8.85% and 4.12% during the respective periods. Furthermore, Alcoa Inc.'s stock is trading near its 52-week high of $10.90 and also above its 50-day and 200-day moving averages of $9.72 and $8.62, respectively. Sign up for free report on AA at:
ArcelorMittal's stock advanced on Wednesday, finishing the day's session 0.76% higher at $17.29, after oscillating between $17.23 and $17.33 during the trading session. A total of 2.47 million shares were traded, which is below the daily average volume of 4.75 million. The company's shares have gained 9.22% in the previous three months and 4.98% in the last one month, compared to a gain of 8.85% and 4.12% in the S&P 500 during the respective periods. Moreover, ArcelorMittal's stock is trading near its 52-week high of $17.99 and also above its 50-day and 200-day moving averages of $16.90 and $14.06, respectively. MT free technical report can be accessed by signing up at:
Nucor Corp.'s stock fluctuated between $51.29 and $51.88 before ending Wednesday's session 0.06% lower at $51.54. A total of 1.58 million shares were traded, which is below the daily average volume of 1.62 million. The company's shares have advanced 4.16% in the previous three months, underperforming the S&P 500, which has gained 8.85% during the same period. However, Nucor Corp.'s stock is trading above its 200-day moving average of $47.84. A free report on NUE can be accessed by registering at:
Shares in Century Aluminum Co. surged on Wednesday, finishing the day 4.15% higher from the previous day's closing price of $9.87. The company's shares closed the day at $10.28, after fluctuating between $9.89 and $10.30 during the trading session. A total of 0.62 million shares were traded, which is below the daily average volume of 0.85 million. Century Aluminum Co.'s shares have surged 20.94% in the previous three months and 12.35% in the last one month, outperforming the S&P 500, which has gained 8.85% and 4.12% during the respective periods. Further, the company's shares are trading near their 52-week high of $10.60 and also above their 50-day and 200-day moving averages of $9.27 and $8.85, respectively. Register with AAA Research Reports and download research on CENX for free at:
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