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February 2, 2010
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| 10:47 EDT |  | SCHN |
| theflyonthewall.com: | Schnitzer Steel nears resistance following upgrade | | UBS earlier upgraded the stock to Buy, and placed a $50 price target on the shares. The stock is currently up over 4.5%. Next resistance for the shares is at the 10-day moving average, last at $44.54. If the stock can break above this downtrend resistance proxy, it will have begun a new short-term bullish trend. A failure to do so would leave the shares in a downtrend. Resistance levels to watch as potential upside objectives above the 10-day moving average are at $45.10, $46.38, $47.18. Support is at $42.98. :theflyonthewall.com |
| | 09:00 EDT |  | SCHN |
| | 06:42 EDT |  | SCHN |
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