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Symbol Sentiment Start Return Closed SCHN n/a Via BloggingStocks:   Filed under: Major movement, Earnings reports, Bad news, Options, Technical Analysis Schnitzer Steel (NASDAQ: SCHN - option chain) stock is falling today after the company reported a third-quarter loss this morning of $1.53 million, or 5 cents per share. Analysts had expected the company to report a profit of 16 cents per share. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on SCNH. This morning, SCHN opened at $56.99. So far today the stock has hit a low of $52.40 and a high of $57.00. As of 12:00, SCHN is trading at $52.88, down $7.33 (-12.2%). The chart for SCHN looks bullish. Continue reading Schnitzer Steel (SCHN) tumbles on Q3 losses Schnitzer Steel (SCHN) tumbles on Q3 losses originally appeared on BloggingStocks on Tue, 30 Jun 2009 14:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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