Last updated on April 23, 2014 at 21:24 EDT

Today’s Technical View on Allegheny Technologies, Precision Castparts, Reliance Steel & Aluminum, and Carpenter Technology

April 5, 2013

LONDON, April 5, 2013 /PRNewswire/ –

Markets shrugged off their bearish sentiments and closed Thursday’s trading session in
the green. U.S. payroll data report is all set to be released and is likely to be muted as
unemployment benefit claims hit their four month high point. However, the report is
expected to show growth in job creation. Political issues like North Korea altercation
will also keep the markets checked. Our research team followed the Industrial Goods
sector, focusing on companies from the Metal Fabrication industry like Allegheny
Technologies Incorporated (NYSE: ATI), Precision Castparts Corp. (NYSE: PCP), Reliance
Steel & Aluminum (NYSE: RS) and Carpenter Technology Corporation (NYSE: CRS). StockCall
initiated free in-depth technical analysis on ATI, PCP, RS, and CRS which are currently
available upon sign up at


Allegheny Technologies Inc. is trading above its long-term moving average price,
indicating a bullish trend. It also closed its latest trading session at $29.71, 0.10
percent up. The stock made an upward movement with above average volume of 2.30 million
shares. Allegheny trades at Price/Earnings ratio of 20.92, in-line with industry average,
making the stock a fairly priced proposition. The stock appreciated 1.85 percent this year
and it declined 27.84 percent in the past 52 weeks. Sign up for the free technical
analysis on ATI at


Precision Castparts Corp is currently trading in oversold territory with its Relative
Strength Index at 35.82. Consequently, the stock may see some gains in the coming
sessions. It closed Thursday’s session at $183.34, down 1 percent. The stock is currently
in a bearish mode and may touch $180.15 level in the coming days. Upon breaching this
level, the stock’s next support price is at $169.11. Precision Castparts’ stock is highly
volatile with its beta at 1.20. So far in 2013, the stock declined 1.32 percent. Its 52
weeks gain stands at 6.04 percent. The stock has traded in the range of $150.53 and $196
during the said time period. Download the free report on PCP by registering at


Reliance Steel & Aluminum extended its 52 weeks gain by closing 0.20 percent higher.
The stock ended its Thursday’s session at $66.46, while its highest price point for the
session stood at $67.66. It traded 597,709 shares, down from its average daily volume of
632,584 shares. The company traded in the range of $44.81 and $72.90 in the past 52 weeks
and currently it is trading near its high price point. The company commands market
capitalization of $5.07 billion, and it reported its latest EPS at $5.34. Reliance Steel &
Aluminum’s stock gained more than 17 percent in the past 52 weeks. The free report on RS
can be downloaded by signing up now at


Carpenter Technology Corporation gained marginally with above average volume to end
its latest session at $45.53. The stock ended 0.42 percent higher than its previous close.
Its volume for the day stood at 759,436 shares. The stock is currently trading higher than
its 20-day SMA of $45.43 and 50-day SMA of $45.47, showing a bullish trend. Its first
resistance level is at $45.64 while it may tumble down to $44.81 before receiving any
support. Stock of CRS is down 9.23 percent on YTD basis, while offering 1.58 percent
dividend yield. Free report on CRS can be accessed by registering at


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Source: PR Newswire