Reliance Steel & Aluminum Co. (RS) has risen sharply, recording gains of 2.93% in the past 4 weeks. However, the stock has corrected -8.81% in the past 1 week, providing a good buying opportunity on dips. Reliance Steel & Aluminum Co. (RS) : During the past 4 weeks, traders have been relatively bearish on Reliance Steel & Aluminum Co. (RS), hence the stock is down -3.59% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -9.36% relative to the S&P 500.
Reliance Steel & Aluminum Co. (NYSE:RS): The stock opened at $76.63 on Friday but the bulls could not build on the opening and the stock topped out at $76.70 for the day. The stock traded down to $75.26 during the day, due to lack of any buying support eventually closed down at $76.33 with a loss of -0.04% for the day. The stock had closed at $76.36 on the previous day. The total traded volume was 1,047,628 shares.
The stock has recorded a 20-day Moving Average of 3.33% and the 50-Day Moving Average is 0.12%. Reliance Steel & Aluminum Co. is up 6.91% in the last 3-month period. Year-to-Date the stock performance stands at 33.36%.
Reliance Steel & Aluminum Co. is a metals service center company in North America. The Company provides a variety of processing services and delivers products to fabricators, manufacturers and other end users. It has a network of more than 300 locations in 39 states in the United States and in 12 other countries, including Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom. It provides metals processing services and distributes a line of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. It also provides toll processing of aluminum, carbon steel and stainless steel miscellaneous, including brass, copper and titanium, and offers processing services, which range from cutting, leveling or sawing to complete processes, such as machining or electropolishing.