Steel (SLX) Shares Cross Below 200 DMA

In trading on Monday, shares of the Steel ETF ( SLX) crossed below their 200 day moving average of $44.65, changing hands as low as $44.27 per share. Steel shares are currently trading off about 1.6% 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 $49.97 as the 52 week high point — that compares with a last trade of $44.56.

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