Second Opinion® Weekly - STEEL DYNAMICS (STLD)
Exchange: NMS
Close as of week ending
10/30/2009

Opinion

Opinion AVOID Date Opinion Formed 10/12/09 Price Opinion Formed 15.47
Score 0 C-Rate -7.9

Recommendation

Avoid the stock.
If you are long, close position or monitor stock closely.

Comment

Moving Average Convergence/Divergence (MACD) indicates a Bearish Trend.
Chart pattern indicates a Weak Downward Trend.
Relative Strength is Bearish.
Up/Down volume pattern indicates that the stock is under Distribution.
The 50 day Moving Average is falling which is Bearish.
The 200 day Moving Average is rising which is Bullish.
Watch for resistance at 14.89
Stock broke Double Bottom (Bearish) Point & Figure Chart Formation Last Week