Why Investors Have This Basic Materials' Stocks on Their Radar? - Spectra Energy, QEP Resources, Steel Dynamics, and Companhia Siderurgica Nacional

Jun 22, 2016, 07:35 ET from Chelmsford Park SA

NEW YORK, June 22, 2016 /PRNewswire/ --

The global economy is slowly stabilizing, and some companies in the Basic Materials sector are once again signaling growth potential. This morning, Stock-Callers.com turns investors' attention back on Spectra Energy Corp. (NYSE: SE), QEP Resources Inc. (NYSE: QEP), Steel Dynamics Inc. (NASDAQ: STLD), and Companhia Siderurgica Nacional (NYSE: SID) to look for profitable opportunities. Daily trade alerts on these stocks are available for free at:


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SE Research Package: http://stock-callers.com/registration/?symbol=SE

QEP Research Package: http://stock-callers.com/registration/?symbol=QEP

STLD Research Package: http://stock-callers.com/registration/?symbol=STLD

SID Research Package: http://stock-callers.com/registration/?symbol=SID  


See how these equities performed at yesterday's closing bell:

Houston, Texas headquartered Spectra Energy Corp.'s shares gained 1.97%, closing Tuesday's trading session at $34.64. The stock recorded a trading volume of 5.24 million shares, which was above its three months average volume of 4.31 million shares. The Company's shares have advanced 11.10% in the last month, 13.57% in the previous three months, and 48.65% on an YTD basis. The stock is trading 10.18% above its 50-day moving average and 24.01% above its 200-day moving average. Additionally, shares of Spectra Energy, which owns and operates a portfolio of natural gas-related energy assets in North America, have a Relative Strength Index (RSI) of 76.72.

On Tuesday, shares in Denver, Colorado headquartered QEP Resources Inc. recorded a trading volume of 3.16 million shares. The stock climbed 1.85%, ending the day at $19.32. The Company's shares have advanced 5.69% in the last month, 44.07% over the previous three months, and 44.18% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 9.88% and 36.07%, respectively. Furthermore, shares of QEP Resources, which through its subsidiaries, operates as a natural gas and crude oil exploration and production Company in the U.S., have an RSI of 57.55.

Fort Wayne, Indiana headquartered Steel Dynamics Inc.'s stock finished the day 2.67% lower at $25.54. A total volume of 3.96 million shares was traded, which was above their three months average volume of 3.52 million shares. The Company's shares have gained 8.96% in the last one month, 15.98% in the previous three months, and 43.82% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.59% and 28.49%, respectively. Additionally, shares of Steel Dynamics, which together with its subsidiaries, manufactures and sells steel products; processes and sells recycled ferrous and nonferrous metals; and fabricates and sells steel joist and deck products in globally, have an RSI of 52.69.

Shares in Sao Paulo, Brazil headquartered Companhia Siderurgica Nacional ended yesterday's session 0.45% higher at $2.21. The stock recorded a trading volume of 1.86 million shares. The Company's shares have advanced 6.25% in the last one month and 125.51% since the start of this year. The stock is trading 35.06% above its 200-day moving average. Moreover, shares of Companhia Siderurgica Nacional, which operates as an integrated steel producer in Brazil, have an RSI of 46.86.


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