TMCNet:  Stock to Watch: AK Steel Holding Down 5.2% (AKS)

[March 22, 2013]

Stock to Watch: AK Steel Holding Down 5.2% (AKS)

Mar 22, 2013 (SmarTrend(R) Spotlight via COMTEX) -- AK Steel Holding (NYSE:AKS) is one of today's worst performing low-priced stocks, down 5.2% to $3.29 on 1.1x average daily volume. Thus far today, AK Steel Holding has traded 6.8 million shares, vs. average volume of 6.3 million shares per day. The stock has underperformed the Dow (-5.2% to the Dow's 0.6%) and underperformed the S&P 500 (-5.2% to the S&P's 0.6%) during today's trading.


There is potential upside of 59.3% for shares of AK Steel Holding based on a current price of $3.29 and an average consensus analyst price target of $5.24. The stock should find initial resistance at its 50-day moving average (MA) of $4.05 and further resistance at its 200-day MA of $4.85.

In the past 52 weeks, AK Steel Holding share prices have been bracketed by a current low of $3.29 and a high of $8.65 and are now at $3.29. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 2.4%.

AK Steel Holding Corporation, through its wholly-owned subsidiary, produces flat rolled carbon steel. The Company produces coated, cold rolled, and hot rolled carbon steel for the automotive, appliance, construction, and manufacturing markets. AK Steel also cold rolls and aluminum coats stainless steel for automotive industry customers.

SmarTrend recommended that its subscribers protect gains by selling shares of AK Steel Holding on January 30th, 2013 by issuing a Downtrend alert when the shares were trading at $4.03. Since that call, shares of AK Steel Holding have fallen 13.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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