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Steel Dynamics, Inc.
Long

STLD Long Idea

By bhowe
Updated
STLD, appears to be breaking higher out of the bull flag. With the entire sector moving higher like X, AKS, AA, CENX, I think this is a low risk play here. Should be good as long as we stay above the 50SMA.
Note
STLD retesting th ebreakout, should move higher now. Set stops below the upper channel at
snapshot
Note
Retesting the breakout, stops right below the blue ma
snapshot
Note
Retest of the breakout complete and heading higher. Low risk entry here. Stop below the 50sma on the daily chart. Earnings are in already and were very good. Hourly chart very bullish price above the 9ema and 25sma
snapshot
Trade closed: stop reached
AAAKSCENXChart PatternssteelSTLDussteel
bhowe
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