|By PR Newswire||
|April 24, 2014 11:30 AM EDT||
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:
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is 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 by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does 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.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Oct. 6, 2015 03:00 PM EDT Reads: 211
Oct. 6, 2015 03:00 PM EDT Reads: 237
As-a-service models offer huge opportunities, but also complicate security. It may seem that the easiest way to migrate to a new architectural model is to let others, experts in their field, do the work. This has given rise to many as-a-service models throughout the industry and across the entire technology stack, from software to infrastructure. While this has unlocked huge opportunities to accelerate the deployment of new capabilities or increase economic efficiencies within an organization, i...
Oct. 6, 2015 03:00 PM EDT
Oct. 6, 2015 02:45 PM EDT Reads: 358
Oct. 6, 2015 02:15 PM EDT Reads: 293
Oct. 6, 2015 02:00 PM EDT Reads: 294
Oct. 6, 2015 02:00 PM EDT Reads: 219
Oct. 6, 2015 01:00 PM EDT Reads: 734
Oct. 6, 2015 01:00 PM EDT Reads: 580
Oct. 6, 2015 12:45 PM EDT Reads: 456
Oct. 6, 2015 12:30 PM EDT Reads: 573
Oct. 6, 2015 12:15 PM EDT
Oct. 6, 2015 12:00 PM EDT Reads: 246
DevOps is gaining traction in the federal government – and for good reasons. Heightened user expectations are pushing IT organizations to accelerate application development and support more innovation. At the same time, budgetary constraints require that agencies find ways to decrease the cost of developing, maintaining, and running applications. IT now faces a daunting task: do more and react faster than ever before – all with fewer resources.
Oct. 6, 2015 12:00 PM EDT Reads: 335
Oct. 6, 2015 12:00 PM EDT Reads: 405