Cia Siderurgica Nacional Shares Climbing Higher, Up 1.5%

Published on Fri, 03/08/2013 - 13:29
By Robert Cotter in Market movers, SID, cia siderurgica nacional, market movers, nyse:sid

Up 1.5% to $5.42, Cia Siderurgica Nacional (NYSE:SID), is one of today's notable movers. The Dow is up 0.2% to 14,359 and the S&P is currently trading fractionally higher to 1,547.

Companhia Siderurgica Nacional S.A. (CSN) manufactures iron and steel in Brazil. The Company operates mines, an integrated steel mill, service centers, ports, and railroads. CSN manufactures and distributes hot-rolled, cold-rolled, and galvanized steel products to the automobile, auto parts, civil construction, electrical equipment, and packaging industries.

Potential upside of 15.9% exists for Cia Siderurgica Nacional, based on a current level of $5.42 and analysts' average consensus price target of $6.28. Cia Siderurgica Nacional shares should first meet resistance at the 200-day moving average (MA) of $5.54 and find additional resistance at the 50-day MA of $5.55.

Over the past year, Cia Siderurgica Nacional has traded in a range of $4.43 to $10.87 and is now at $5.42, 22% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.6%.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Quiksilver: New 52-Week Low Set Today (Z...

Quiksilver (NYSE:ZQK) traded at a new 52-week low today of $3.08. So far today approxi ...

Xerox: The Winning Streak Continues (XRX...

Xerox (NYSE:XRX) traded at a new 52-week high today of $13.38. This new high was reach ...

Watch for Continued Losses in Shares of ...

Titan International (NYSE:TWI) traded today at a new 52-week low of $13.93. Approximat ...

Take-Two Interactive Software: The Winni...

Take-Two Interactive Software (NASDAQ:TTWO) traded at a new 52-week high today of $23.6 ...

Glacier Bancorp Shares Sinking Lower, Do...

One of today's stocks on the move is Glacier Bancorp (NASDAQ:GBCI), down 1.7% to $26.56 ...

Shares of TeleNav Fall Below Previous 52...

TeleNav (NASDAQ:TNAV) traded at a new 52-week low today of $5.03. Approximately 85,000 ...

Tempur-Pedic International Makes a Move:...

Tempur-Pedic International (NYSE:TPX), a company whose shares are moving quickly, is tr ...

Recent 52-Week Low Surpassed in Shares o...

Shares of Theravance (NASDAQ:THRX) traded today at $22.01, breaking its 52-week low. A ...