Tuesday, July 2, 2013

AKS bottom?

It looks like AK Steel may have bottomed for awhile. Here is why I think that.

Today AKS drifted down below recent lows on low volume. There was no urgency to the selling, for a change!

And shortly thereafter it moved sharply higher on much higher volume.


On the fundamental side there was JP Morgan recommending a "buy" on commodities this morning.

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