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AK Steel Holding Corp. Breaks Above 200-Day Moving Average - Bullish for AKS

By Market News Video Staff, Wednesday, May 18, 4:01 PM ET
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In trading on Wednesday, shares of AK Steel Holding Corp. (NYSE:AKS) crossed above their 200 day moving average of $14.74, changing hands as high as $14.78 per share. AK Steel Holding Corp. shares are currently trading up about 2.6% on the day. The chart below shows the one year performance of AKS shares, versus its 200 day moving average:

AK Steel Holding Corp. 200 Day Moving Average Chart

Looking at the chart above, AKS's low point in its 52 week range is $11.34 per share, with $17.88 as the 52 week high point — that compares with a last trade of $14.67.

According to the ETF Finder at ETF Channel, AKS makes up 2.41% of the SPDR S&P Metals and Mining ETF (AMEX:XME) which is trading up by about 1.5% on the day Wednesday.

     See what other ETFs contain AKS »
     See what other stocks are held by XME »

AKS operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Steel Dynamics Inc. (NASDAQ:STLD) which is up about 1% today, and Reliance Steel & Aluminum Co. (NYSE:RS) trading higher by about 1.5%. Below is a three month price history chart comparing the stock performance of AKS, versus STLD and RS.

AKS,STLD,RS Relative Performance Chart


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This Article's Word Cloud:   Above   According   Below   Channel   Corp   ETFs   Holding   Investment   Metals   Mining   Moving   NYSE   Portfolio   Precious   STLD   Steel   Wednesday   about   above   allows   among   asset   average   chart   companies   completely   currently   designed   growth   hands   high   history   moving   other   performance   point   portfolio   price   range   share   shares   short   stocks   terms   trading   versus   week   what   which   with
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