NEW YORK, October 21, 2016 /PRNewswire/ --
On Thursday, the major US indices were flirting back with the bears as the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 all closed down for the day. The US markets were mainly in the red with six out of nine sectors ending yesterday's trading session in negative. With this, Stock-Callers.com reviews the following basic materials stocks: ArcelorMittal (NYSE: MT), United States Steel Corporation (NYSE: X), Nevsun Resources Ltd (NYSE MKT: NSU), and Western Gas Equity Partners L.P. (NYSE: WGP). You can access of our complimentary research reports on these stocks now at:
On Thursday, shares in Luxembourg headquartered ArcelorMittal recorded a trading volume of 17.42 million shares, which was higher than their three months average volume of 17.19 million shares. The stock ended the day 0.77% higher at $6.53. ArcelorMittal's stock has gained 13.57% in the last one month, 14.36% in the previous three months and 10.87% in the past one year. The company is trading above its 50-day and 200-day moving averages by 7.16% and 28.64%, respectively. Furthermore, shares of ArcelorMittal, which together with its subsidiaries, operates as an integrated steel and mining company worldwide, have a Relative Strength Index (RSI) of 61.13.
On October 13th, 2016, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'. Visit us today and download your complete report on MT for free at:
United States Steel
Pittsburgh, Pennsylvania headquartered United States Steel Corp.'s stock finished Thursday's session 5.30% higher at $19.46 with a total volume of 40.54 million shares traded. Over the last one month and the previous one year, United States Steel's shares have gained 8.72% and 82.20%, respectively. Shares of the Company, which produces and sells flat-rolled and tubular steel products in North America and Europe, are trading above its 50-day and 200-day moving averages by 3.20% and 21.33%, respectively. United States Steel's stock has an RSI of 59.00. The complimentary research report on X can be accessed at:
Vancouver, Canada headquartered Nevsun Resources Ltd's stock declined 1.02%, to close the day at $2.92. The stock recorded a trading volume of 435,207 shares. Shares of Nevsun Resources, which engages in the acquisition, exploration, development, and operation of mineral properties in Africa, have advanced 0.96% in the last three months. The Company's shares are trading 4.87% and 4.72% below its 50-day and 200-day moving averages, respectively. Additionally, the stock traded at a PE ratio of 33.56 and has an RSI of 47.84. Register for free on Stock-Callers.com and download the PDF research report on NSU at:
Western Gas Equity Partners
On Thursday, shares in The Woodlands, Texas headquartered Western Gas Equity Partners L.P. ended the session 0.97% higher at $44.57 with a total volume of 209,277 shares traded. Western Gas Equity Partners' shares have gained 12.47% in the last one month, 18.17% in the previous three months and 7.44% in the past one year. Shares of the Company, which gathers, processes, compresses, treats, and transports natural gas, condensate, NGLs and crude oil primarily in the US, are trading at a PE ratio of 44.75. The stock is trading 14.30% above its 50-day moving average and 25.69% above its 200-day moving average. Moreover, shares of the Company have an RSI of 79.04.
On October 11th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $44 a share to $48 a share. Get free access to your research report on WGP at:
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