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Next Resistance Level for AK Steel Holding Corp. (AKS) is $2.57

By Shiri Gupta

Shares of AK Steel Holding Corp. (:AKS) opened today above their pivot of $2.50 and have already reached the first level of resistance at $2.54. Should the shares continue to rise, the resistance pivots of $2.57 and $2.64 will be of interest.

Over the past year, AK Steel Holding Corp. has traded in a range of $2.42 to $3.29 and is now at $2.51, 4% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1%.

There is potential upside of 124.5% for shares of AK Steel Holding Corp. based on a current price of $2.51 and an average consensus analyst price target of $5.63. The stock should find initial resistance at its 50-day moving average (MA) of $2.87 and further resistance at its 200-day MA of $2.87.

SmarTrend is monitoring the recent change of momentum in AK Steel Holding Corp.. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of AK Steel Holding Corp. in search of a potential trend change.

Keywords: pivot alerts :aks ak steel holding corp.

Ticker(s): AKS