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Highest Beta in the Steel Industry Detected in Shares of Universal Stainless & Alloy (USAP, MTL, AKS, MT, X)
Feb 28, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Steel industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Universal Stainless & Alloy ranks highest with a a beta of 1.9. Following is Mechel with a a beta of 1.9. AK Steel Holding ranks third highest with a a beta of 1.8.
ArcelorMittal follows with a a beta of 1.8, and U.S. Steel rounds out the top five with a a beta of 1.7.
SmarTrend recommended that its subscribers protect gains by selling shares of U.S. Steel on January 31st, 2013 by issuing a Downtrend alert when the shares were trading at $22.39. Since that call, shares of U.S. Steel have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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