Globe Specialty Metals Breaks Above 200-Day Moving Average - Bullish for GSM

In trading on Wednesday, shares of Globe Specialty Metals Inc (NASD: GSM) crossed above their 200 day moving average of $13.41, changing hands as high as $13.44 per share. Globe Specialty Metals Inc shares are currently trading up about 2.8% on the day. The chart below shows the one year performance of GSM shares, versus its 200 day moving average:

Click here to find out which 9 other metals stocks recently crossed above their 200 day moving average, at Metals Channel »

Looking at the chart above, GSM's low point in its 52 week range is $10.57 per share, with $17.23 as the 52 week high point — that compares with a last trade of $12.92.

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According to the ETF Finder at ETF Channel, GSM makes up 2.29% of the S&P SmallCap Materials Portfolio ETF (NASD: PSCM)which is trading higher by about 0.1% on the day Wednesday.

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