AKS Steel
By Steve Abraham on Jun 24, 2007
AKS steel appears to be breaking out of a base after a strong run up. According to the Investors Business Daily theory, buys should be no higher than 8% above the stock’s pivot price. Looks like this is a classic IBD type of stock and looks like it’s good for the taking. Friday’s action looks promising with a big volume day on price strength. Given the strength of the steel sector in general, I wouldn’t bet against this stock.
This entry was posted on Sunday, June 24th, 2007 at 5:52 pm and is filed under Annotated Analysis.
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