National Steel Company (NYSE:SID) : Traders are bullish on National Steel Company (NYSE:SID) as it has outperformed the S&P 500 by a wide margin of 33.32% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.94%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.23% in the last 1 week, and is up 35.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 75.16% from its 1 Year high price. On Apr 20, 2016, the shares registered one year high at $3.92 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $2.18 and the 200 Day Moving Average price is recorded at $1.94.
The stock has recorded a 20-day Moving Average of 20.61% and the 50-Day Moving Average is 12.62%.
National Steel Company (NYSE:SID): stock turned positive on Friday. Though the stock opened at $2.75, the bulls momentum made the stock top out at $2.77 level for the day. The stock recorded a low of $2.66 and closed the trading day at $2.75, in the green by 7.42%. The total traded volume for the day was 1,343,520. The stock had closed at $2.56 in the previous days trading.
Companhia Siderurgica Nacional (CSN) is a Brazil-based company primarily engaged in the steel industry. The Company divides its business into five segments: Steel sector, which is involved in the production, distribution and marketing of flat steel, galvanized steel and metal packaging; Mining sector, which is active in the production of iron ore; Cement sector, which is involved in the manufacture of cement, as well as in the exploration of limestone and dolomite; Logistics sector, which consists of around two railway companies and a hub port, and Energy sector, which includes investments in energy generation projects to guarantee the Companys self-sufficiency. The Company operates through subsidiaries, such as Companhia Metalurgica Prada, Sepetiba Tecon SA, Florestal Nacional SA, CSN Energia SA, Transnordestina Logistica SA, Estanho de Rondonia SA and CSN Cimentos SA, among others.