LONDON, March 7, 2013 /PRNewswire/ --
Despite concerns about economic growth rate, the markets had yet another bullish day on Wednesday. The Dow Jones ended its latest session at 14,296.24, up 0.30 percent while NASDAQ was down 0.05 percent to close at 3,222.37. Similarly, S&P closed on a positive note at 1,541.46, up 0.11 percent. Industrial Goods sector also showed good growth as stocks inched up. Our research team took a look at Industrial Goods sector, more specifically the Metal Fabrication industry which includes major companies like Allegheny Technologies Inc. (NYSE: ATI), Precision Castparts Corp. (NYSE: PCP), Reliance Steel & Aluminum (NYSE: RS), Carpenter Technology Corp. (NYSE: CRS) and Chart Industries Inc. (NASDAQ: GTLS). StockCall professionals have completed their technical analysis on ATI, PCP, RS, CRS, and GTLS and these free reports are accessible by registering at
http://www.stockcall.com/research
Allegheny Technologies Inc.'s stock grew sharply in its latest trading session. The stock closed 3.52 percent higher at $31.44 with 2.29 million share volume on Wednesday. With this upward move, the stock is now up more than 3 percent for the year. In the past 52 weeks, the company is down 28.22 percent. The stock currently has support at $31.03 level. The stock's MACD chart shows a bullish trend. Allegheny Technologies may face its first resistance level at $32.32. Upon breaching this level, the stock may go as high as $33.80. Sign up for the free technical research on ATI at
http://www.StockCall.com/ATI030713.pdf
Shares of Precision Castparts Corp. edged lower in Wednesday's trading session. The stock closed 0.15 percent lower at $189.32 on lower than average volume of 488,000 shares yesterday. Precision Castparts' shares are down 0.05 percent this year, underperforming the broad market. It has support at $185.70. Despite the downward move, the company's shares are still trading above their 20-day and 50-day moving averages. The stock's MACD is also trading above the signal line and the zero-line. Both of these are bullish signals. Be sure to read our latest technical research on PCP by registering at
http://www.StockCall.com/PCP030713.pdf
Shares of Reliance Steel & Aluminum ended yesterday's trading session up at $66.65, 1.38 percent higher. The stock is up more than 7 percent this year, in-line with the broad market. The stock has slipped from $67.35 resistance level. It has support at around $66.19 at the moment. Despite its upward movement, Reliance Steel & Aluminum is still trading below its 20-day moving average. Sign up and read the complimentary report on RS at
http://www.StockCall.com/RS030713.pdf
Carpenter Technology Corp.'s stock is in a bullish mode and is trading in-line with its 20-day SMA of $46.91. It ended its latest trading session 1.27 percent higher at $46.91. The stock oscillated in the range of $46.52 and $47.13 during Wednesday's session. The stock trades at Price/Earnings ratio of 16.81. Carpenter Technology is expected to face its first resistance level at $47.02. The free report on CRS can be downloaded by signing up now at
http://www.StockCall.com/CRS030713.pdf
Chart Industries Inc. is currently in a neutral mode as the stock ended its previous trading session on Wednesday at $81.39, down 0.68 percent. The stock traded in the range of $80.11 and $82.11 during yesterday's session. Its first support level is at $78.04 and upon breaching this level the stock may go down to $75.77 level. On the upside, Chart Industries stock may touch $82.05 level. Free report on GTLS can be accessed by registering at
http://www.StockCall.com/GTLS030713.pdf
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