[May 24, 2012] Sims Metal Management Has Returned 19.9% Since SmarTrend Recommendation (SMS) Tweet May 24, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Sims Metal Management (NYSE:SMS) on April 4th, 2012 at $14.80. In approximately 2 months, Sims Metal Management has returned 19.86% as of today's recent price of $11.86. Over the past year, Sims Metal Management has traded in a range of $10.62 to $19.79 and is now at $11.84, 11% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has slid 0.4%. Sims Metal Management Ltd. collects, sorts and processes scrap metal materials which are recycled for resale. The Company's divisions include ferrous recycling, non-ferrous recycling, secondary processing of non-ferrous metals and plastics, international trading of metal commodities and the merchandising of steel semi-fabricated products. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Sims Metal Management. Log in and add Sims Metal Management (SMS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]