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Cia Siderurgica Nacional Down 6.9% Since SmarTrend Downtrend Call (SID)Nov 29, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Cia Siderurgica Nacional (NYSE:SID) on October 3rd, 2012 at $5.41. In approximately 2 months, Cia Siderurgica Nacional has returned 6.93% as of today's recent price of $5.04. In the past 52 weeks, shares of Cia Siderurgica Nacional have traded between a low of $4.43 and a high of $10.99 and are now at $5.04, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 1.2%. Companhia Siderurgica Nacional S.A. (CSN) manufactures iron and steel in Brazil. The Company operates mines, an integrated steel mill, service centers, ports, and railroads. CSN manufactures and distributes hot-rolled, cold-rolled, and galvanized steel products to the automobile, auto parts, civil construction, electrical equipment, and packaging industries. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cia Siderurgica Nacional. Log in and add Cia Siderurgica Nacional (SID) 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 |