Steel (SLX) Shares Cross Above 200 DMA

In trading on Friday, shares of the Steel ETF ( SLX) crossed above their 200 day moving average of $43.83, changing hands as high as $44.00 per share. Steel shares are currently trading up about 3.9% on the day. The chart below shows the one year performance of SLX shares, versus its 200 day moving average:

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Steel 200 Day Moving Average Chart

Looking at the chart above, SLX's low point in its 52 week range is $36.45 per share, with $51.23 as the 52 week high point — that compares with a last trade of $43.85.
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