Jun
14
STLD: Steel Dynamics Inc – Resistance
June 14, 2008 | Leave a Comment
Super quick update on this one. I made a call on this guy back in April which I feel was not a *great* call. I was expecting the stock to move above $35.56 much sooner but regardless I was reviewing that post today, and when checking the charts again noticed that there appears to be about three touches to the $39.40-$39.50 zone.
I think there could be some nice movement if the stock busts through $39.50 on good volume. It’s a strong point of resistance, but after that point there are no other resistance levels.
Will be fun to see how this guy pans out.
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