SSAB AB (publ) (OTCMKTS:SSAAF) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of SSAB AB (publ) (OTCMKTS:SSAAF) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.68 and traded as high as $8.69. SSAB AB (publ) shares last traded at $8.69, with a volume of 109 shares changing hands.

SSAB AB (publ) Stock Down 3.4%

The stock has a fifty day simple moving average of $8.03 and a two-hundred day simple moving average of $7.68.

About SSAB AB (publ)

SSAB AB (publ) is a Stockholm-based steel company specializing in the production of high-strength, value-added steel products and solutions. With roots dating back to the formation of SSAB in 1978 through the merger of three Swedish steelworks, the company has evolved into a global supplier of advanced steels tailored for demanding applications. SSAB’s portfolio includes hot- and cold-rolled strip, coated steels, quenched and tempered (Q&T) grades, heavy plate, and wear-resistant Hardox® and structural Strenx® steels.

The company serves a broad range of industries, including automotive, construction, transportation, manufacturing, and energy.