Cia Siderurgica Nacional is one of the biggest movers, up by 5.6% to USD 7.72. The S&P is currently trading 2.4% higher to 1,234 and the Dow Jones Industrial Average is trading 2.2% higher to 12,023.

There is potential upside of 60.9% for shares of Cia Siderurgica Nacional based on a current price of USD 7.72 and an average consensus analyst price target of USD 12.43. Cia Siderurgica Nacional shares should first meet resistance at the 50 day moving average of USD 8.58 and find additional resistance at the 200 day MA of USD 11.47.

Companhia Siderurgica Nacional SA manufactures iron and steel in Brazil. The company operates mines, an integrated steel mill, service centers, ports, and railroads. CSN manufactures and distributes hot rolled, cold rolled, and galvanized steel products to the automobile, auto parts, civil construction, electrical equipment and packaging industries.

(Sourced from www.fnno.com)