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Metals & Mining Equities Coverage -- Research on Vale, Reliance Steel & Aluminum, Mechel, and Steel Dynamics

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LONDON, April 24, 2014 /PRNewswire/ --

The trading session on Wednesday, April 23, 2014 ended on a lower note as the S&P 500 finished the session 0.22% lower at 1,875.39, and the NASDAQ Composite closed at 4,126.97, down 0.83%. The Dow Jones Industrial Average finished at 16,501.65, down 0.08%. During the session, the five out of ten sectors ended in positive. The S&P 500 Materials Sector Index closed the day at 300.82, up 0.05%, and the same has advanced 5.74% in the previous three months. Investor-Edge has initiated coverage on the following equities: Vale S.A. (NYSE: VALE), Reliance Steel & Aluminum Co. (NYSE: RS), Mechel (NYSE: MTL) and Steel Dynamics Inc. (NASDAQ: STLD). Free technical research on VALE, RS, MTL and STLD can be downloaded upon signing up at:


Vale S.A.'s stock finished the Wednesday's session 0.66% lower at $13.59. A total of 11.73 million shares were traded, which was below its three months average volume of 22.18 million shares. The stock moved between $13.44 and $13.65 during the trading session. Over the last one month and previous three months, Vale S.A.'s shares have gained 4.22% and 3.42%, respectively. The company's stock has declined 10.89% on YTD basis. The company's shares are trading below its 50-day and 200-day moving averages. Further, the stock's 200-day moving average of $14.70 is greater than its 50-day moving average of $13.85. Vale S.A.'s stock has a Relative Strength Index (RSI) of 44.21. Sign up today to read free research on VALE at:


On Wednesday, Shares in Reliance Steel & Aluminum Co. traded between $71.55 and $72.39 before ending the session 0.04% higher at $72.05. Reliance Steel & Aluminum Co.'s stock reported a trading volume of 0.74 million shares, compared to its three months average volume of 0.56 million shares. Reliance Steel & Aluminum Co.'s shares have advanced 2.53% in the previous three trading sessions, 1.75% in the last one month, while the company has declined 5.00% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $70.43 and $71.71, respectively. Additionally, the stock traded at a PE ratio of 16.84 and has an RSI of 59.48. Sign up today to read free research on RS at:


Mechel's stock edged 0.53% lower, to close the day at $1.88. The stock recorded a trading volume of 0.88 million shares, much below its three months average volume of 1.48 million shares. The stock oscillated between $1.84 and $1.91 during the trading session. Over the last three trading sessions and past one month, Mechel's shares have plummeted 5.53% and 7.84%, respectively. The stock has declined 26.56% since the start of this year. The stock is trading below its 50-day and 200-day moving averages of $1.93 and $2.59, respectively. Moreover, shares of the company have an RSI of 47.73. Sign up today to read free research on MTL at:


On Wednesday, shares of Steel Dynamics Inc. recorded a trading volume of 2.75 million shares, lower than its three months average volume of 2.99 million shares. The stock ended the day at $18.55, which was 1.98% above its previous day's closing, and registered an intraday range of $18.20 and $18.56. Although Steel Dynamics Inc.'s shares have gained 4.92% in the last one month, 5.58% in the previous three months, but the same has declined 5.07% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages. Steel Dynamics Inc.'s 50-day moving average of $17.68 is above its 200-day moving average of $17.36. Furthermore, the company's stock is trading at a PE ratio of 23.68 and has an RSI of 51.46. Sign up today to read free research on STLD at:



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