SCHN Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of Schnitzer Steel Industries, Inc. (SCHN) crossed below their 200 day moving average of $27.31, changing hands as low as $27.27 per share. Schnitzer Steel Industries, Inc. shares are currently trading down about 2.7% on the day. The chart below shows the one year performance of SCHN shares, versus its 200 day moving average:

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Schnitzer Steel Industries, Inc. 200 Day Moving Average Chart

Looking at the chart above, SCHN's low point in its 52 week range is $23.07 per share, with $33.32 as the 52 week high point — that compares with a last trade of $27.34.

According to the ETF Finder at ETF Channel, SCHN makes up 2.30% of the Environmental Services ETF ( EVX) which is trading relatively unchanged on the day Monday.

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