A peaks and troughs algorithm places calculated support

AK Steel Holding Corporation (NYSE:AKS) New York, November 10th (TradersHuddle.com) - Shares of AK Steel Holding Corporation (NYSE:AKS) closed the however trading session at $13.24 near its 50 day moving average currently set at $13.71. AK Steel's price action is below this important level, which makes the stock difficult to buy, as there will certainly be resistance as it approaches its 50 day.

AK Steel Holding Corporation (NYSE:AKS), through its subsidiaries, produces flat-rolled carbon, stainless, and electrical steels, and tubular products primarily in the United States and internationally. The Company produces coated, cold rolled, and hot rolled carbon steel for the automotive, appliance, construction, and manufacturing markets. AK Steel also cold rolls and aluminum coats stainless steel for automotive industry customers. Key Statistics

Latest price action range, defined by a peaks and troughs algorithm places calculated support at $12.08 and calculated resistance at $14.19. These levels will be closely watched by traders, as they provide great however insight into the latest price dynamics defined by AK Steel shares.