Materials Sector Stocks Technical Study -- Research on Fibria Celulose, KapStone Paper and Packaging, Reliance Steel & Aluminum, and Worthington Industries Editor Note: For more information about this release, please scroll to bottom.
LONDON, May 19, 2014 /PRNewswire/ --
The US markets saw a positive sentiment on Friday, May 16, 2014, with the NASDAQ Composite closing at 4,090.59, up 0.52%, the Dow Jones Industrial Average ending the session 0.27% higher at 16,491.31, and the S&P 500 edging 0.37% higher to finish the trading session at 1,877.86. The session saw a positive impact from Telecommunication Services, Consumer Discretionary, and Information Technology sectors along with a drag from Energy sector. The S&P 500 Materials Sector Index ended the day at 301.59, up 0.40%, while the index advanced 4.40% in the previous three months. Investor-Edge has initiated coverage on the following equities: Fibria Celulose S.A. (NYSE: FBR), KapStone Paper and Packaging Corporation (NYSE: KS), Reliance Steel & Aluminum Company (NYSE: RS) and Worthington Industries Inc. (NYSE: WOR). Free technical research on FBR, KS, RS and WOR can be downloaded upon signing up at:
Fibria Celulose S.A.'s stock edged 0.40% higher, to close the day at $9.97. The stock recorded a trading volume of 0.74 million shares, below its three months average volume of 1.25 million shares. The stock oscillated between $9.89 and $10.09 during the session. Over the last three trading sessions and over the past one month, Fibria Celulose S.A.'s shares have fallen by 1.68% and 6.12%, respectively. Further, the stock has lost 14.64% since the start of this year. The company's stock is trading below its 50-day and 200-day moving averages of $10.47 and $11.41, respectively. Additionally, Fibria Celulose S.A.'s stock has a Relative Strength Index (RSI) of 41.95. Sign up today to read free research on FBR at:
On Friday, shares in KapStone Paper and Packaging Corp. recorded a trading volume of 0.71 million shares, lower than its three months average volume of 0.95 million shares. The stock ended the day at $27.27, which was 0.59% above its previous day's closing of $27.11, and registered an intraday range of $26.69 and $27.37. Shares of the company traded at a PE ratio of 17.35. Although KapStone Paper and Packaging Corp.'s stock has lost 0.84% in the previous three trading sessions and 2.36% on YTD basis, it has gained 5.62% in the last one month. The stock is trading above its 200-day moving average of $25.92, while the 200-day moving average is below KapStone Paper and Packaging Corp.'s 50-day moving average of $27.53. Furthermore, shares of the company have an RSI of 55.06. Sign up today to read free research on KS at:
Shares in Reliance Steel & Aluminum Co. finished the Friday's session 0.41% lower at $71.99. A total of 0.38 million shares were traded, which was below its three months average volume of 0.58 million shares. The stock vacillated between $71.00 and $72.10 during the session. Over the last three trading sessions and over the previous three months, Reliance Steel & Aluminum Co.'s shares have fallen by 1.50% and 2.85%, respectively. However, in the last one month, the company's stock has gained 2.45%. The company's shares are trading above their 50-day moving average of $70.77 and at its 200-day moving average. Reliance Steel & Aluminum Co.'s stock traded at a PE ratio of 16.43 and has an RSI of 53.34. Sign up today to read free research on RS at:
On Friday, shares in Worthington Industries Inc. fluctuated between $37.98 and $38.51 before ending the session 0.34% higher at $38.50. The stock reported a trading volume of 0.30 million shares, below its three months average volume of 0.39 million shares. Shares of the company traded at a PE ratio of 15.36. Worthington Industries Inc.'s shares have gained 4.28% in the last one month, while the stock has fallen by 0.49% in the previous three trading sessions and 8.51% on YTD basis. The stock is trading above its 50-day moving average. Worthington Industries Inc.'s 200-day moving average of $38.67 is above its 50-day moving average of $38.44. Moreover, shares of the company have an RSI of 56.90. Sign up today to read free research on WOR at:
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