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Friday, June 23, 2017 4:26:03 PM
Steel Stocks Start to Lift...
By MPTrader | June 23, 2017
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.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By MPTrader | June 23, 2017
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.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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