Steel Stocks Start to Lift...

AK Steel Holding Corporation (AKS) is pushing up against key, near-term resistance at 6.60/61, which, if hurdled and sustained, will trigger upside potential towards a challenge of its up-sloping 200-DMA, now at 7.24.

Let's notice that for the past two weeks, AKS has tested and held numerous times at its up-turning 20-DMA.

Today's strength has the right look of a classic thrust up and away from the 20-DMA.

If AKS strength is preserved, and, if the stock can close above 6.60, then it will be poised for upside continuation and acceleration.

Our Model Portfolio has been long AKS at 6.26 from May 31.

  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!


)