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The Chart of the Day belongs to steel and aluminum company Reliance Steel & Aluminum (RS) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical...
Reliance Steel (RS) benefits from strong demand in most of its end markets and its organic growth investments in Q1.
Reliance Steel (RS) delivered earnings and revenue surprises of 11.75% and 0.50%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Reliance Steel (RS) closed the most recent trading day at $249.50, moving +0.43% from the previous trading session.
Reliance Steel (RS) is expected to have seen strong demand in key end markets in Q1. However, weaker selling prices are likely to have been a drag on its performance.