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Pre-Market Technical Pulse on Steel & Iron Stocks -- Commercial Metals, Companhia Siderurgica Nacional, Reliance Steel & Aluminum, and India Globalization Capital

NEW YORK, June 5, 2017 /PRNewswire/ --

This morning, directs investors' attention to the Steel and Iron industry, which most often consists of companies that produce steel, as well as mine for its inputs, like iron ore. Most of these firms have operations all over the world, as the materials naturally occur in various countries. Lined up for scanning are Commercial Metals Co. (NYSE: CMC), Companhia Siderurgica Nacional (NYSE: SID), Reliance Steel & Aluminum Co. (NYSE: RS), and India Globalization Capital Inc. (NYSE MKT: IGC). Sign up today on and download our free research reports on these featured stocks at:

Commercial Metals  

Last Friday, shares in Irving, Texas headquartered Commercial Metals Co. ended the session 0.49% lower at $18.41. The stock recorded a trading volume of 920,449 shares. The Company's shares have advanced 1.32% in the last one month. The stock is trading above its 50-day moving average by 0.11%. Furthermore, shares of Commercial Metals, which manufactures, recycles, and markets steel and metal products, and related materials and services in the US and internationally, have a Relative Strength Index (RSI) of 50.22.

On May 22nd, 2017, Commercial Metals, in conjunction with its Q3 earnings release, announced that it will host a conference call that will be broadcast live over the Internet on June 22nd, 2017, at 11:00 a.m. ET with Joe Alvarado, Chairman of the Board and CEO, Mary Lindsey, Vice President and CFO, and Barbara Smith, President and COO. CMC complete research report is just a click away at:

Companhia Siderurgica Nacional  

Sao Paulo, Brazil headquartered Companhia Siderurgica Nacional's stock finished 0.99% higher at $2.05 with a total trading volume of 1.06 million shares. The Company's shares are trading below their 50-day moving average by 17.41%. Shares of the Company, which operates as an integrated steel producer in Brazil, have an RSI of 38.65. The complimentary report on SID can be downloaded at:

Reliance Steel & Aluminum  

Shares in Los Angeles, California headquartered Reliance Steel & Aluminum Co. closed the day 0.52% lower at $74.36. The stock recorded a trading volume of 522,877 shares. The Company's shares are trading below their 50-day moving average by 2.54%. Moreover, shares of Reliance Steel & Aluminum, which operates as a metals service center company, have an RSI of 49.14.

On May 23rd, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'.

On May 31st, 2017, Reliance Steel & Aluminum announced that Karla Lewis, Senior Executive Vice President and CFO, and James Hoffman, Executive Vice President and COO, will participate in Deutsche Bank's 8th Annual Global Industrials and Materials Summit on June 07th, 2017, at The Westin Chicago River North in Chicago. The Company is scheduled to present at 2:50 p.m. CT, and will participate in meetings with investors throughout the day. Sign up for your complimentary report on RS at:

India Globalization Capital  

Bethesda, Maryland-based India Globalization Capital Inc.'s shares recorded a trading volume of 190,233 shares last Friday. The stock closed 2.56% higher at $0.44. The Company's shares have advanced 51.18% in the previous three months and 57.50% since the start of this year. The stock is trading 17.13% above its 200-day moving average. Additionally, shares of the Company, which engages in the development of cannabis-based therapies to treat pain, PTSD, seizures, cachexia, chronic and terminal neurological and oncological diagnoses, and other life altering conditions, have an RSI of 51.35.

On May 16th, 2017, India Globalization Capital announced that Craig Cheifetz, M.D. has joined the Company as an advisor to provide guidance on clinical trials, biotechnology, neuroscience, immunology, and microbiology. Dr. Cheifetz is currently Regional Dean at Virginia Commonwealth University Inova Fairfax Campus, and is the Medical Director of Inova VIP 360, Northern Virginia's premier Concierge Medicine Program. Download the research report for free on IGC at:


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