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Gerdau (GGB) Catches Eye: Stock Adds 5.5% in Session

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Gerdau S.A. (GGB - Free Report) was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.76 to $2.36 in the past one-month time frame.

In the last 30 days, the company has seen no estimate revision but the Zacks Consensus Estimate moved higher, suggesting that more solid trading could be ahead for Gerdau. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.     

Gerdau currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked Steel Producer stock is ArcelorMittal (MT - Free Report) , which sports a Zacks Rank #1 (Strong Buy).

Is GGB going up? Or down? Predict to see what others think: Up or Down

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