Today's Technical View on Allegheny Technologies, Precision Castparts, Reliance Steel & Aluminum, and Carpenter Technology

Apr 05, 2013, 08:15 ET from

LONDON, April 5, 2013 /PRNewswire/ --

Markets shrugged off their bearish sentiments and closed Thursday's trading session in the green. U.S. payroll data report is all set to be released and is likely to be muted as unemployment benefit claims hit their four month high point. However, the report is expected to show growth in job creation. Political issues like North Korea altercation will also keep the markets checked. Our research team followed the Industrial Goods sector, focusing on companies from the Metal Fabrication industry like Allegheny Technologies Incorporated (NYSE: ATI), Precision Castparts Corp. (NYSE: PCP), Reliance Steel & Aluminum (NYSE: RS) and Carpenter Technology Corporation (NYSE: CRS). StockCall initiated free in-depth technical analysis on ATI, PCP, RS, and CRS which are currently available upon sign up at

Allegheny Technologies Inc. is trading above its long-term moving average price, indicating a bullish trend. It also closed its latest trading session at $29.71, 0.10 percent up. The stock made an upward movement with above average volume of 2.30 million shares. Allegheny trades at Price/Earnings ratio of 20.92, in-line with industry average, making the stock a fairly priced proposition. The stock appreciated 1.85 percent this year and it declined 27.84 percent in the past 52 weeks. Sign up for the free technical analysis on ATI at

Precision Castparts Corp is currently trading in oversold territory with its Relative Strength Index at 35.82. Consequently, the stock may see some gains in the coming sessions. It closed Thursday's session at $183.34, down 1 percent. The stock is currently in a bearish mode and may touch $180.15 level in the coming days. Upon breaching this level, the stock's next support price is at $169.11. Precision Castparts' stock is highly volatile with its beta at 1.20. So far in 2013, the stock declined 1.32 percent. Its 52 weeks gain stands at 6.04 percent. The stock has traded in the range of $150.53 and $196 during the said time period.  Download the free report on PCP by registering at

Reliance Steel & Aluminum extended its 52 weeks gain by closing 0.20 percent higher. The stock ended its Thursday's session at $66.46, while its highest price point for the session stood at $67.66. It traded 597,709 shares, down from its average daily volume of 632,584 shares. The company traded in the range of $44.81 and $72.90 in the past 52 weeks and currently it is trading near its high price point. The company commands market capitalization of $5.07 billion, and it reported its latest EPS at $5.34. Reliance Steel & Aluminum's stock gained more than 17 percent in the past 52 weeks. The free report on RS can be downloaded by signing up now at

Carpenter Technology Corporation gained marginally with above average volume to end its latest session at $45.53. The stock ended 0.42 percent higher than its previous close. Its volume for the day stood at 759,436 shares. The stock is currently trading higher than its 20-day SMA of $45.43 and 50-day SMA of $45.47, showing a bullish trend. Its first resistance level is at $45.64 while it may tumble down to $44.81 before receiving any support. Stock of CRS is down 9.23 percent on YTD basis, while offering 1.58 percent dividend yield. Free report on CRS can be accessed by registering at

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