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News Breaks | | | | January 8, 2013 | | 11:09 EDT |  | SCHN | Schnitzer Steel spikes below its 10-day moving average after earnings miss
The company reported a Q1 loss of 2 cents per share versus consensus expectations of a 1 cent profit. The stock is down nearly 7% on that news at time of writing, fading below support at the 10-day moving average. Next support is at $29.27, and then at $28.89. Resistance is at $29.99. | |
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