• Return to Headlines

Watch for AK Steel Holding Corp. to Potentially Pullback After Gaining 15.10% Yesterday

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.

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.

Over the past year, AK Steel Holding Corp. has traded in a range of $1.66 to $3.29 and is now at $2.82, 70% above that low. 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%.

Keywords: rebounders :aks ak steel holding corp.

Ticker(s): AKS