STLD Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of Steel Dynamics Inc. (STLD) crossed below their 200 day moving average of $14.13, changing hands as low as $13.85 per share. Steel Dynamics Inc. shares are currently trading down about 3% on the day. The chart below shows the one year performance of STLD shares, versus its 200 day moving average:

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Steel Dynamics Inc. 200 Day Moving Average Chart

Looking at the chart above, STLD's low point in its 52 week range is $10.87 per share, with $16.23 as the 52 week high point — that compares with a last trade of $14.08.

According to the ETF Finder at ETF Channel, STLD makes up 4.52% of the Steel ETF ( SLX) which is trading lower by about 3.9% on the day Monday.

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