Steel Stock Analysis

Here are the charts and our commentary for the steel stocks metal:

STLD - Steel Dynamics Weekly Stock Chart
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STLD - Steel Dynamics - Working on a 30 week consolidation pattern

STLD - Steel Dynamics - Currently working on a 30 week consolidation pattern after trading close to all time highs in the 41 zone. STLD is our favorite steel stock...
NUE - Nucor Weekly Chart
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NUCOR - NUE - steel stock at support

NUCOR - NUE - a steel industry group stock  that's pulled back to the moving averages and upward trendline. STLD - Steel Dynamics has a better chart...
STLD - Steel Dynamics Weekly Stock Chart
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STLD - Steel Dynamics ready to move?

Steel Dynamics ready to move?? The moving averages are setting up, although the 21-day has yet to cross the 50-day. Buying near the 50-ma is ideal after...
STLD - Steel Dynamics Weekly Stock Chart
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STLD - Steel Dynamics barely holding on the trendline.

We rebought after selling when this Steel stock traded below 34.47 yesterday
STLD - Steel Dynamics Daily Chart
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STLD - Steel Dynamics - Getting the move we've been waiting for on STLD today.

Steel on the move! And STLD is our favorite in the steel industry group...
STLD - Steel Dynamics Daily Stock Chart
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STLD - Steel Dynamics - breaking support and generating a sell signal today.

quick update on STLD - breaking the line and generating a sell signal today.
STLD - Steel Dynamics Daily Stock Chart
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STLD - Steel Dynamics - Getting the bounce we expected today.

Looks like it wants higher tomorrow. Perhaps a break over 36...
STLD - Steel Dynamics Daily Stock Chart
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STLD - Steel Dynamics - Daily Chart at support

Our favorite STEEL stock is holding up at trendline support. Bounce tomorrow??
STLD Steel Dynamics Daily Stock Chart
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STLD - Steel Dynamics getting the pullback we've been anticipating and our buy point reached.

This is the best steel stock in the steel industry group in our opinion at Trading Room. Here's the daily chart showing trendline support and a buy opportunity...
STLD - Steel Dynamics Daily Chart
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Steel Dynamics supported by the 50-day MA

Currently holding up at the 50-day moving average. USSteel (X) however crashed more than 25% after a guidance after their earnings release...
STLD - Steel Dynamics Daily Chart
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STLD - Steel Dynamics - A gap open for the steel stock today

A gap open for the STLD today (see the charts from last week when we had it at 32.90). At resistance now and over the 50-day moving average. Some sideways action/ pullback is preferred now.
STLD - Steel Dynamics Weekly Chart
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STLD - Steel Dynamics a longer term perspective.

We posted the daily chart earlier this morning for the steel industry group leader. Here's the weekly for a longer term perspective...
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