Market Blog Technical Analysis

AKS Possible trend reversal ahead

Antonio's Perspective Shares of AK Steel Holding Corporation (NYSE:AKS) jumped 35 cents, or 5.56% yesterday, closing just slightly below its declining 200-day exponential moving average (key resistance point). The rally was accompanied by high volumes, which is a very good sign for a continuation of the trend. If that level is broken next week on volume, the stock price short-term could accelerate towards the 7.54-7.70 zone, which represents the next