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Technical Briefing on Metals and Mining Equities - United States Steel, Nucor, Steel Dynamics, Endeavour Silver, and First Majestic Silver

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LONDON, September 2, 2014 /PRNewswire/ --

On Friday, August 29, 2014, the NASDAQ Composite ended at 4,580.27, up 0.50%, the Dow Jones Industrial Average advanced 0.11%, to finish the day at 17,098.45, and the S&P 500 closed at 2,003.37, up 0.33%. The gains were broad based as all the sectors ended the session in positive. The S&P 500 Materials Sector Index ended the day at 318.09, up 0.16%, with the index also advancing 3.50% in the last one month. Investor-Edge has initiated coverage on the following equities: United States Steel Corporation (NYSE: X), Nucor Corporation (NYSE: NUE), Steel Dynamics Inc. (NASDAQ: STLD), Endeavour Silver Corporation (NYSE: EXK), and First Majestic Silver Corporation (NYSE: AG). Free research on these five companies can be accessed at:  


On Friday, shares in United States Steel Corp. traded between $37.71 and $38.68 before ending the session 2.93% higher at $38.65. The stock reported a trading volume of 5.19 million shares, below its three months average volume of 7.24 million shares. United States Steel Corp.'s shares have surged 15.58% in the last one month, 67.75% in the previous three months and 31.02% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $31.16 and $27.47, respectively. Moreover, shares of United States Steel Corp. have a Relative Strength Index (RSI) of 68.85. Sign up and read the free notes on X at:


Nucor Corp.'s stock edged 0.67% higher, to close the day at $54.32. The stock recorded a trading volume of 0.85 million shares, much below its three months average volume of 1.56 million shares. The stock oscillated between $53.91 and $54.38 during the session. Over the last one month and over the past three months, Nucor Corp.'s shares have gained 9.05% and 7.29%, respectively. Further, the stock has advanced 1.76% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages. The stock's 200-day moving average of $51.12 is above its 50-day moving average of $51.11. Additionally, Nucor Corp. traded at a PE ratio of 29.01 and has an RSI of 67.53. The complimentary notes on NUE can be downloaded as in PDF format at:


On Friday, shares in Steel Dynamics Inc. recorded a trading volume of 2.55 million shares, lower than its three months average volume of 3.51 million shares. The stock ended the day at $23.24, which was 0.43% above its previous day's closing of $23.14, and registered an intraday range of $23.02 and $23.30. Shares of the company traded at a PE ratio of 23.78. Steel Dynamics Inc.'s shares have gained 11.09% in the last one month and 34.57% in the previous three months. Additionally, the stock has surged 18.94% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $20.51 and $18.61, respectively. Furthermore, shares of Steel Dynamics Inc. have an RSI of 68.80. Register for free on Investor-Edge and access the latest research on STLD at:


Endeavour Silver Corp.'s stock edged 0.71% lower, to close Friday's session at $5.57, after oscillating between $5.52 and $5.67. The stock recorded a trading volume of 0.67 million shares, below its three months average volume of 1.42 million shares. Although, Endeavour Silver Corp.'s shares have lost 0.36% in the previous three trading sessions, it has surged 46.19% in the last three months and 53.44% on YTD basis. The stock is trading above its 200-day moving average of $4.68, while the 200-day moving average is below Endeavour Silver Corp.'s 50-day moving average of $5.72. Further, the stock has an RSI of 46.39. The complete research on EXK is available for free at:


First Majestic Silver Corp.'s stock finished Friday's session 0.79% higher at $10.24. A total of 0.61 million shares were traded, which was below its three months average volume of 1.10 million shares. The stock moved between $10.07 and $10.32 during the session. Over the last three trading sessions and the previous three months, First Majestic Silver Corp.'s shares have advanced 1.49% and 22.05%, respectively. Additionally, from the beginning of 2014, the stock has gained an upside of 4.49%. The company's shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $10.41 is greater than its 200-day moving average of $10.13. First Majestic Silver Corp.'s stock has an RSI of 51.31. Free in depth research on AG is available at:


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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 produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. 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.

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Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider 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.


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.


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