The news is a mixed bag: earnings miss but debt refinancing is smart. Yet, the chart tells the real story. After a dip, it's rocketing back up today on decent volume, with the 9-period EMA punching above the 21. RSI is climbing but not overheated. Looks like the market is shrugging off the bad headlines and betting on that financial flexibility. This smells like a momentum BUY. #SteelResilience 🚀

Reliance just got a fresh $400M loan to play with, refinancing debt like a pro. 🧊 But the stock? It's stuck in a classic tug-of-war between its 9 and 21-period WMAs, and the RSI is a total snooze at 47. The news is solid, but the price action is pure "meh." Until the chart breaks out of this nap, it's a HOLD. #WaitForIt

Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries. It also distributes non-ferrous metals products and tubular building products; and manufactures specialty extruded metals, fabricated parts, and welded components. As of December 31, 2021, the company operated a network of approximately 315 locations in 40 states in the United States and 13 in other countries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was founded in 1939 and is headquartered in Los Angeles, California.

Reliance Steel & Aluminum Co. RS: 280.63 USD

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