Therealaleech
Short

STLD - What's oil got to do with it?

NASDAQ:STLD   STEEL DYNAMICS INC
Volume's been increasing. EMA's have been falling. SMA's are taking a dive as well. Stochastics are giving a sell signal, RSI is headed lower and MACD is giving a potential sell signal. BB are converging as well. ADX is above 40 and headed higher-sideways.

I would wait until earnings in the next couple days to place any trade on this. Ideal would be a move lower to support around 13.40.

If this is taken, a trailing stop is highly recommended.

Oil             and steel followed a similar path until late 2012. This could be a play on steel catching up with oil             for the time being.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out