Technical Study: Allegheny Technologies Inc., Precision Castparts Corp., Carpenter Technology Corp., and Reliance Steel & Aluminum Co.

LONDON, September 24, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

The U.S. equity market slipped on Monday, September 23, 2013. All three benchmark indexes closed lower, with the Dow Jones Industrial Average, the S&P 500, and the NASDAQ Composite falling by 0.32%, 0.47%, and 0.25%, respectively. Shares in the metal fabrication industry ended mostly on a lower note, tracking losses in the broader market. The major movers in the sector included Allegheny Technologies Inc. (NYSE: ATI), Precision Castparts Corporation (NYSE: PCP), Carpenter Technology Corporation (NYSE: CRS), and Reliance Steel & Aluminum Company (NYSE: RS). AAAResearchReports.com free coverage on ATI, PCP, CRS, and RS is available upon registration at:

http://www.aaaresearchreports.com/register/

Shares in Allegheny Technologies Inc. posted marginal gains on Monday, even as the broader market finished on a lower note. The company's shares vacillated between $30.84 and $31.22 before ending the day 0.06% higher at $31.01. A total of 1.16 million shares were traded, which is below the daily average volume of 1.43 million. The company's shares have surged 12.64% in the last one month and 12.52% in the previous three months, outperforming the S&P 500 which has advanced 2.30% and 6.87% during the respective periods. Moreover, Allegheny Technologies Inc.'s stock is trading above its 50-day and 200-day moving averages of $27.90 and $29.10, respectively. Download free technical research on ATI by signing up at:

http://www.AAAResearchReports.com/ATI092413.pdf

On Monday, Precision Castparts Corp.'s stock fell sharply to close at $228.61, which is 1.54% lower than the previous day's closing price of $232.19. The company's shares oscillated between $228.50 and $233.15 during the trading session. A total of 0.84 million shares were traded, which is above the daily average volume of 0.72 million. Despite Monday's pullback, the company's shares have gained 7.97% in the previous three months and 4.79% in the last one month, compared to a gain of 6.87% and 2.30% in the S&P 500 during the respective periods. Additionally, Precision Castparts Corp.'s stock is trading above its 50-day and 200-day moving averages of $224.17 and $203.42, respectively. Register now and get access to free analysis on PCP at:

http://www.AAAResearchReports.com/PCP092413.pdf

Shares in Carpenter Technology Corp. edged lower on Monday, extending the losses from the previous trading session. The company's shares closed the day 0.31% lower at $57.90 after oscillating between $57.50 and $58.25. A total of 0.40 million shares were traded, which is above the daily average volume of 0.33 million. Carpenter Technology Corp.'s shares have gained 26.61% in the previous three months and 3.21% in the last one month, compared to a gain of 6.87% and 2.30% in the S&P 500 during the respective periods. Further, the company's stock is currently trading above its 50-day and 200-day moving averages of $53.85 and $49.90, respectively. Sign up and read our complimentary report on CRS at:

http://www.AAAResearchReports.com/CRS092413.pdf

Reliance Steel & Aluminum Co.'s stock declined by 0.88% on Monday, tracking losses in the broader market. The company's shares vacillated between $74.32 and $75.58 before finishing the day at $74.32. A total of 0.50 million shares were traded, which is above the daily average volume of 0.47 million. Reliance Steel & Aluminum Co.'s shares have surged 15.06% in the previous three months and 6.81% in the last one month, outperforming the S&P 500 which has gained 6.87% and 2.30% during the respective periods. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages of $69.87 and $66.77, respectively. The free report on RS can be downloaded by signing up now at:

http://www.AAAResearchReports.com/RS092413.pdf

EDITOR NOTES:

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

http://www.AAAresearchreports.com

SOURCE AAA Research Reports