---
title: "AK Steel Holdings (AKS) Breaks Out"
url: https://stacklist.com/card/60739565-a2ee-479c-937c-d397cfd08e79
source_url: "https://www.linkedin.com/pulse/ak-steel-holdings-aks-breaks-out-david-m-aferiat/?trackingId=OHtJxHOETDC3S66Chr1O9A%3D%3D"
stack: https://stacklist.com/c/education/stack/3701d09f-5d84-426c-aef0-e129d294445b
summary: "AK Steel Holdings (AKS) is highlighted as Trade Ideas' Trade of the Week with a breakout pattern and trend change possibility. The stock closed at $4.83 with a recommended entry above $5.00, a stop at $4.42, and an upside target of $6.00."
tags: "stock-analysis, breakout-trading, ak-steel, technical-analysis, trading-alert, market-insights"
key_entities: "AK Steel Holdings (organization), Market Vectors Steel ETF (technology), Trade Ideas (organization), wedge break pattern (concept), short float (concept), Trade of the Week (event)"
classification: "analysis"
content_hash: "sha256:da34af32ca2c839747cd0bab469f7e775c4f00ca2e991169ca4f27e8997d1ba2"
acp_version: "0.2"
token_counts_approximate: 401
visibility: public
agent_accessible: true
status: "final"
---

# AK Steel Holdings (AKS) Breaks Out

Trade Ideas' "Trade of the Week" is AK Steel Holdings (AKS). This article is republished from the email that Trade of the Week subscribers receive at the beginning of the week. Visit www.trade-ideas.com  to sign up. This week, the backdrop of the market allows for a more tradition play; back to buying breakouts. The thinly traded Market Vectors Steel ETF points to a breakout in this sector with many individual names already broken out of their respective daily ranges. Take a look at the 15-minute chart for AKS below from the end of last week. Our Trade Ideas data points to a trend change possibility in AK Steel Holdings (AKS). With a short float of 19.4% along with the wedge break pattern on the daily chart, AKS is poised to generate solid alpha if it can move back above 5 dollars and not look back. AK Steel closed at $4.83 on Friday. The AKS Trade of the Week is live on the opening price of trading Monday July 11. The recommended stop is $4.42. As always, manage risk by using your own entry price and the recommended stop price when calculating your risk in share size. The near term upside target for AKS will be the $6.00 range. The daily chart for AKS below illustrates where things stand at the beginning of the week. Update: AKS as of Tuesday is at $5.40.  Happy investing!  Please remember that Trade Ideas does not suggest day trading this type of alert. The idea behind the Trade of the Week is to give our customers opportunities that they may be able to stay in for an extended period of time. Please use proper risk management when making investment decisions.