Steel Stocks Diverging from Market

Despite a strong gain by the U.S. dollar and an overall weak market, shares of steelmakers are significantly higher on the session. The strongest steel stocks right now are: AK Steel AKS: Shares of AK Steel are currently trading up 2.4% from yesterday's close to $15.04. The stock broke above its 200-day simple moving average (one year daily chart) in today's session. Shares have recently found strong support at the $14.50 level. Nucor NUE: Shares of Nucor are currently trading up 1.5% from yesterday's close to $40.24. The stock has been hit hard recently, losing 5.6% over the past nine trading sessions. United States Steel X; Shares of United States Steel are currently trading up 1.5% from yesterday's close to $43.35. The stock has also been hit hard recently, dropping 6.5% over the past nine trading sessions.