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Watch for AK Steel Holding Corp. to Potentially Rebound After Falling 2.14% Yesterday

By Amy Schwartz

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.

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.

AK Steel Holding Corp. share prices have moved between a 52-week high of $3.59 and a 52-week low of $1.66 and are now trading 79% above that low price at $2.98 per share. The 200-day and 50-day moving averages have moved 0.43% higher and 0.72% higher over the past week, respectively.

Keywords: rebounders :aks ak steel holding corp.

Ticker(s): AKS