STLN.SW Swiss Steel Holding AG (SIX) up 11% to CHF1.30: watch oversold bounce

STLN.SW Swiss Steel Holding AG (SIX) up 11% to CHF1.30: watch oversold bounce

STLN.SW stock jumped 11.11% intraday to CHF 1.30 on volume of 23,878 shares, signaling a short-term oversold bounce on the SIX Swiss Exchange. The move follows a low near CHF 1.01 this year and a prior wide sell-off that left the 50-day average at CHF 1.37 and the 200-day average at CHF 2.85. Traders should weigh the bounce against weak fundamentals — EPS is -7.09 and net margins are negative — while watching liquidity and relative volume for confirmation.

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