AK Steel (AKS)

[ak17072001]

Mark mine as well.

I believe it is extremely unlikely to see a retracement to the low $6's area soon. Here are some of the catalysts to prevent that and make this go higher: report came out with industry orders and it was positive, later on this week X is expected to report its 4th quarter income (and the company PR'ed it may be as high as 40% higher than analyst estimates), MT yesterday announced it will reopen by April a closed steel plant in the US to increase capacity for industrial use (which company would be crazy to do that if profit was not on the line), the preliminary results of the potential trade tariff (and further increase in prices of steel ) are due to come out Friday and an increase is expected by many, the report by AKS itself is due end of month, ZACKS upgraded AKS to strong buy this morning, even technical make sense now (RSI was strong overbought in the mid 80's and now in the low to mid 60's).

Congrats on mj detearing.