Get The Details On AK Steel (AKS)'s Broker Upgrade

Posted: Friday, November 20, 2009 2:09 PM EDT

AK Steel (AKS) was upgraded today by analysts at EVA Dimensions, LL and the stock is now at $18.25, down $0.08 (-0.44%) on volume of 3,448,343 shares traded. EVA Dimensions, LL upgraded the stock to Overweight from Hold. Over the last 52 weeks the stock has ranged from a low of $5.20 in last November to a high of $24.27 in September. AK Steel stock has been showing support around $17.54 and resistance in the $19.04 range. Technical indicators for the stock are bullish and S&P gives AKS a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on AKS the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]

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