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Market Impact: 0.2

Commercial Metals (CMC) Shares Cross Below 200 DMA

CMC
Market Technicals & FlowsInvestor Sentiment & Positioning

CMC crossed below its 200-day moving average of $61.64, trading as low as $60.72 and down about 1.1% on the day. The breach of the 200-DMA is a mildly bearish technical signal that could indicate near-term selling pressure for the stock.

Analysis

CMC crossed below its 200-day moving average of $61.64, trading as low as $60.72 and down about 1.1% on the day. The breach of the 200-DMA is a mildly bearish technical signal that could indicate near-term selling pressure for the stock.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15

Ticker Sentiment

CMC-0.15