NEW YORK (AVAFIN) — Shares of AK Steel Holding Corporation closed above the 50-day moving average of $5.50 as of Wednesday. This development is a sign of bullishness as long as prices remain above the moving average. Shares of AKS settled the day up $0.34 to $5.75 on heavier than usual volume. The daily stock range was between $5.55 and $5.89. View Technical AlertsTraders rely on analysis of moving average concepts in order to make better investment decisions. However, it is important to note that moving averages should be used in combination with other indicators in order to properly confirm trends and price movement. For instance, when assessing the recent stock price of $5.75 per share, the current support and resistance levels are $5.39 and $6.07 respectively.AK Steel Holding Corporation has market cap of 5.99M and is part of the basic materials sector and steel & iron industry.The average analyst rating for the stock is hold. Recent performance indicators show that the stock has lost 11.44% within the last month.AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its wholly owned subsidiary, AK Steel Corporation. Its operations consist of seven steelmaking and finishing plants.

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