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SmarTrend Watching for Potential Pullback in Shares of AK Steel Holding Corp. After 15.10% Gain

By Shiri Gupta

AK Steel Holding Corp. (:AKS) traded in a range yesterday that spanned from a low of $2.71 to a high of $2.87. Yesterday, the shares gained 15.1%, which took the trading range above the 3-day high of $2.85 on volume of 4.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, AK Steel Holding Corp. share prices have been bracketed by a low of $1.66 and a high of $3.29 and are now at $2.82, 70% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.4%.

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