AK Steel Holding Corp.(AKS) May Test Resistance Level Of $15.32

AK Steel Holding Corp. AKS ignored the selling pressure in the metal stocks on the NYSE, as it managed to gain 6.07% by early afternoon trading on Tuesday. Traders evinced buying interest in AK Steel Corp. (AKS) after the stock was upgraded by Bank of America BAC in its report from “underweight to “neutral”. AK Steel Holding Corp (AKS), the third largest steel maker in US, gained over 6% this afternoon to post the second largest gains amongst the S&P 500 constituents. The stock, however, continues to be under the bearish trend as it needs to climb above its 20 day MA of $15.32 to confirm initial signals of strength on charts.