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Wednesday, March 28, 2012

Gains In Basic Material Sector Today (ZOLT) (CMC) (GNI) (CIR) (AEPI)

Zoltek Companies, Inc. (NASDAQ: ZOLT): remained unchanged at $10.19. In the past year, the shares have traded as low as $5.60 and as high as $15.01. On average, 467692 shares of ZOLT exchange hands on a given day and today's volume is recorded at 19335. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $11.77 represents resistance and the 200-day moving average of $8.66 would be an area of support.

Commercial Metals Company (NYSE: CMC): remained unchanged at $14.40. In the past year, the shares have traded as low as $8.64 and as high as $17.84. On average, 1441050 shares of CMC exchange hands on a given day and today's volume is recorded at 8450. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $13.87 area where the stock will likely see buying pressure.

Great Northern Iron Ore (NYSE: GNI): remained unchanged at $100.65. In the past year, the shares have traded as low as $92.35 and as high as $127.77. On average, 17090 shares of GNI exchange hands on a given day and today's volume is recorded at 0. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $110.35 area where the stock may encounter resistance.

CIRCOR Intl., Inc. (NYSE: CIR): remained unchanged at $33.18. In the past year, the shares have traded as low as $26.15 and as high as $47.98. On average, 88519 shares of CIR exchange hands on a given day and today's volume is recorded at 0. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $34.23 area where the stock may encounter resistance.

AEP Industries (NASDAQ: AEPI): remained unchanged at $34.14. In the past year, the shares have traded as low as $19.78 and as high as $36.49. On average, 17130 shares of AEPI exchange hands on a given day and today's volume is recorded at 0. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $34.36 represents resistance and the 200-day moving average of $27.84 would be an area of support.