Commercial Metals Breaks Above 200-Day Moving Average – Bullish for CMC

In trading on Wednesday, shares of Commercial Metals Co. (Symbol: CMC) crossed above their 200 day moving average of $68.04, changing hands as high as $68.85 per share. Commercial Metals Co. shares are currently trading up about 0.5% on the day. The chart below shows the one year performance of CMC shares, versus its 200 day moving average:

Looking at the chart above, CMC’s low point in its 52 week range is $49.66 per share, with $84.87 as the 52 week high point — that compares with a last trade of $68.10.

Click here to find out which 9 other metals stocks recently crossed above their 200 day moving average »

Further CMC Research:

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