Ak Steel (aks) On Steel Tariffs For Imports?

Discussion in 'Investment Charts' started by longtermbull, Jul 13, 2017.

  1. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,120
    Likes Received:
    19
    As the US steel market gets ready for the introduction of tariffs on steel imports, is AK Steel (AKS) work a look? The price has broken through the 2 short term moving averages and is fast approaching the third one. $6.24 @ 13 Jul 2017

    [​IMG]
     
    Last edited: Jul 13, 2017
  2. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    496
    Likes Received:
    8
    Looks like a good call on AK Steel - wonder how the foreign steel companies will react when the tariffs are announced?
     
  3. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,120
    Likes Received:
    19
    Closed at $6.50 @ 14/7/17 just off the low of the day - this up trend wont last forever but personally I think there is more to come with the tariff news on the way.
     
  4. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,120
    Likes Received:
    19
    Interesting - still think there is more upside or has it been ramped on the back of tariff expectations?

    Price $6.20 @ 21 Jul 17
     
  5. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    496
    Likes Received:
    8
    I read somewhere that Canada will be exempt from any steel tariffs - what is to stop companies setting up in Canada and then exporting to the US tariff free?
     
  6. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,120
    Likes Received:
    19
    Stock falling away - time to buy ahead of steel tariff news? At least some of the froth seems to have been blown off the share price?

    Price $6.06 @ 24 Jul 17
     
  7. ciao

    ciao Senior Investor

    Joined:
    Sep 2016
    Posts:
    769
    Likes Received:
    32
    nice call LongTBull just done nhod 6.82 still looking good
     
  8. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,120
    Likes Received:
    19
    Hope you make a few $$$$ my friend :)
     
  9. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    496
    Likes Received:
    8
    Interesting move - more upside in the short term?
     
  10. ciao

    ciao Senior Investor

    Joined:
    Sep 2016
    Posts:
    769
    Likes Received:
    32
    25/07 closed 6.78+0.75 (+12.44%) it took few more cents in a/h $6.83 +0.05 +0.74%
    Day's Range 6.35 - 6.88
    52 Week Range 3.87 - 11.39
    Volume 70,077,188 :eek:
    Avg. Volume 17,532,668

    IMO it could go further up (next to test the 7.04 resist.) as I only look for daily waves to scalp there could be plenty in the next few days ...

    AK Steel beats Street 2Q forecasts
    here are yesterday news out ... take your pick
    Jul-25-17 11:36PM AK Steel beats Street 2Q forecasts Associated Press +12.44%
    10:32PM Edited Transcript of AKS earnings conference call or presentation 25-Jul-17 3:00pm GMT Thomson Reuters StreetEvents
    06:51PM AK Steel Holding Corporation Stock Up 12% After Earnings: Here's the Most Important Thing to Know Motley Fool
    04:20PM U.S. Steel Shorts Have Just a Few Hours to Buy a Clue: Chart TheStreet.com
    11:40AM Why AK Steel Might Be Tuesdays Best Earnings Report 24/7 Wall St.
    11:33AM AK Steel Holding Corporation (AKS) Stock Soars After Strong Earnings Beat InvestorPlace
    11:16AM Steel Stocks Are Red Hot Following AK Earnings Beat and Belief Tarrifs May Be Set Soon TheStreet.com
    09:08AM AK Steel Holding Corp. breached its 50 day moving average in a Bearish Manner : AKS-US : July 25, 2017 Capital Cube
    08:30AM AK Steel Announces Financial Results for Second Quarter 2017 Marketwired
    07:40AM ArcelorMittals 2Q17 Consensus Estimates: What You Need to Know Market Realist
    06:50AM To Trade Earnings, You Need a Mercenary Heart: Market Recon TheStreet.com
     
Tags:

Share This Page