Pre-Market Technical Pulse on Steel & Iron Stocks -- Commercial Metals, Companhia Siderurgica Nacional, Reliance Steel & Aluminum, and India Globalization Capital
NEW YORK, June 5, 2017 /PRNewswire/ --
This morning, DailyStockTracker.com directs investors' attention to the Steel and Iron industry, which most often consists of companies that produce steel, as well as mine for its inputs, like iron ore. Most of these firms have operations all over the world, as the materials naturally occur in various countries. Lined up for scanning are Commercial Metals Co. (NYSE: CMC), Companhia Siderurgica Nacional (NYSE: SID), Reliance Steel & Aluminum Co. (NYSE: RS), and India Globalization Capital Inc. (NYSE MKT: IGC). Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:
http://dailystocktracker.com/register/
Commercial Metals
Last Friday, shares in Irving, Texas headquartered Commercial Metals Co. ended the session 0.49% lower at $18.41. The stock recorded a trading volume of 920,449 shares. The Company's shares have advanced 1.32% in the last one month. The stock is trading above its 50-day moving average by 0.11%. Furthermore, shares of Commercial Metals, which manufactures, recycles, and markets steel and metal products, and related materials and services in the US and internationally, have a Relative Strength Index (RSI) of 50.22.
On May 22nd, 2017, Commercial Metals, in conjunction with its Q3 earnings release, announced that it will host a conference call that will be broadcast live over the Internet on June 22nd, 2017, at 11:00 a.m. ET with Joe Alvarado, Chairman of the Board and CEO, Mary Lindsey, Vice President and CFO, and Barbara Smith, President and COO. CMC complete research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=CMC
Companhia Siderurgica Nacional
Sao Paulo, Brazil headquartered Companhia Siderurgica Nacional's stock finished 0.99% higher at $2.05 with a total trading volume of 1.06 million shares. The Company's shares are trading below their 50-day moving average by 17.41%. Shares of the Company, which operates as an integrated steel producer in Brazil, have an RSI of 38.65. The complimentary report on SID can be downloaded at:
http://dailystocktracker.com/registration/?symbol=SID
Reliance Steel & Aluminum
Shares in Los Angeles, California headquartered Reliance Steel & Aluminum Co. closed the day 0.52% lower at $74.36. The stock recorded a trading volume of 522,877 shares. The Company's shares are trading below their 50-day moving average by 2.54%. Moreover, shares of Reliance Steel & Aluminum, which operates as a metals service center company, have an RSI of 49.14.
On May 23rd, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On May 31st, 2017, Reliance Steel & Aluminum announced that Karla Lewis, Senior Executive Vice President and CFO, and James Hoffman, Executive Vice President and COO, will participate in Deutsche Bank's 8th Annual Global Industrials and Materials Summit on June 07th, 2017, at The Westin Chicago River North in Chicago. The Company is scheduled to present at 2:50 p.m. CT, and will participate in meetings with investors throughout the day. Sign up for your complimentary report on RS at:
http://dailystocktracker.com/registration/?symbol=RS
India Globalization Capital
Bethesda, Maryland-based India Globalization Capital Inc.'s shares recorded a trading volume of 190,233 shares last Friday. The stock closed 2.56% higher at $0.44. The Company's shares have advanced 51.18% in the previous three months and 57.50% since the start of this year. The stock is trading 17.13% above its 200-day moving average. Additionally, shares of the Company, which engages in the development of cannabis-based therapies to treat pain, PTSD, seizures, cachexia, chronic and terminal neurological and oncological diagnoses, and other life altering conditions, have an RSI of 51.35.
On May 16th, 2017, India Globalization Capital announced that Craig Cheifetz, M.D. has joined the Company as an advisor to provide guidance on clinical trials, biotechnology, neuroscience, immunology, and microbiology. Dr. Cheifetz is currently Regional Dean at Virginia Commonwealth University Inova Fairfax Campus, and is the Medical Director of Inova VIP 360, Northern Virginia's premier Concierge Medicine Program. Download the research report for free on IGC at:
http://dailystocktracker.com/registration/?symbol=IGC
--
Daily Stock Tracker:
Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://dailystocktracker.com/disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article