Today's Research Reports on Stocks to Watch: AK Steel and United States Steel

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Accesswire 15-Jun-2017 8:00 AM
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"Many hoped the Fed would give details about the unwinding of the balance sheet, like how much and how soon and at what pace. But the Fed was vague, only saying it will start to 'shrink gradually' sometime this year. They gave themselves a lot of leverage to shrink the balance sheet as they see fit," said JJ Kinahan, Chief Market Strategist at TD Ameritrade. "When a rate hike probability is at 99%, it is very difficult to have a big reaction after the announcement," he said.
RDI Initiates Coverage on:
AK Steel Holding Corp.https://ub.rdinvesting.com/news/?ticker=AKS
United States Steel Corp.https://ub.rdinvesting.com/news/?ticker=X
AK Steel's stock moved 2.65% lower Wednesday, to close the day at $6.25. The stock recorded a trading volume of 19.59 million shares, higher than the average daily volume of 15.53 million shares. In the past year AK Steel Holding Corporation's shares have traded in a range of $3.87 - $11.39. The share price has gained 61.50% from its 52 week low. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $5.98 is below its 200-day moving average of $8.00. Shares of AK Steel Holding Corporation are trading at a Price to Earnings ratio of 23.15. Shares of AK Steel have fallen approximately 38.79 percent year-to-date.
Access RDI'sAK Steel Research Report at: https://ub.rdinvesting.com/news/?ticker=AKS
On Wednesday, shares of United States Steel recorded a trading volume of 24.94 million shares, higher than the daily volume of 20.12 million shares. The stock ended the day 5.48% lower at $20.68. The share price has gained 39.73% from its 52 week low with a 52 week trading range of $14.80 - $41.83.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $21.19 is below its 200-day moving average of $31.30. Shares of United States Steel have fallen approximately 37.35 percent year-to-date.
Access RDI'sUnited States SteelResearch Report at: https://ub.rdinvesting.com/news/?ticker=X
Our Actionable Research on AK Steel Holding Corp. (NYSE: AKS) and United States Steel Corp. (NYSE :X) can be downloaded free of charge at Research Driven Investing.
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