- Volatility is at a recent 2 week high. A high volatility of stock movement indicates uncertainty.
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes fromFinra
Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
The steel industry is part of the basic materials sector and consists of companies involved in steel production, mining, and related activities. Steel stocks, as represented by the VanEck Vectors Steel ETF (SLX), have slightly underperformed the broader market over the last year. SLX has provided a total return of 20.4%, below the Russell 1000's total return of 22.2% over the past 12 months, as of December 8, 2020. All statistics in the tables below are as of December 9.
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Friday is turning out to be a good day to be in the metals business, as shares of steelmakers United States Steel (NYSE: X) and Brazil's Companhia Siderurgica Nacional (NYSE: SID) roar to new heights, up 10.4% and 12.1%, respectively, in 1:50 p.m. EST trading. In regard to steel, Bloomberg News recently exulted at U.S. Steel's "47% breakout in November," asserting that supply shortages of the usually run-of-the-mill metal are behind the stock's rise.
Growth-oriented firm's top 3 trades are sells
Moody's Investors Service ("Moody's") comments that Companhia Siderurgica Nacional (CSN)'s B2/Ba1.br corporate family ratings and B2 senior unsecured ratings of its wholly-owned subsidiary CSN Inova Ventures (formerly CSN Islands XI Corporation), and stable outlook remain unchanged following the company's announcement that it plans to issue an add-on to its senior unsecured notes due 2028. This transaction will be an add-on to the original $1 billion notes issued in January 2020 by CSN Islands ...
Moody's Investors Service, ("Moody's") affirmed the B2 ratings assigned to the senior unsecured notes of CSN Islands XI Corporation, CSN Islands XII Corporation and CSN Resources S.A. that are guaranteed by Companhia Siderurgica Nacional (CSN). At the same time, Moody's América Latina affirmed CSN's global scale ratings at B2 and the National Scale Ratings (NSR) at Ba1.br.
Moody's América Latina Ltda., ("Moody's") affirmed Companhia Siderurgica Nacional (CSN)'s global scale ratings at B2 and the National Scale Ratings (NSR) at Ba1.br. The outlook for the ratings was changed to stable from negative.
Does Siderurgica Nacional (SID) have what it takes to be a top stock pick for momentum investors? Let's find out.