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Look for Shares of AK Steel Holding Corp. to Potentially Rebound after Yesterday's 2.14% Sell Off

By Nick Russo

AK Steel Holding Corp. (:AKS) traded in a range yesterday that spanned from a low of $2.96 to a high of $3.05. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $3.00 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, AK Steel Holding Corp. has traded in a range of $1.66 to $3.59 and is now at $2.98, 79% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for AK Steel Holding Corp. and will alert subscribers who have AKS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders :aks ak steel holding corp.

Ticker(s): AKS