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AKS First Price Target Hit for 15% Gain

AKS (AK Steel) has hit the first target (8.30) for a gain of 14.5%. Consider booking partial or full profits and/or lowering your stops if holding out for T2 or the potential (but still not official) T3. At this point, it would be prudent to lower stops to 10.15, just above yesterday's reaction high or lower, depending on your final target & preferred stop allowance. Previous & updated 60-minute charts:

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Jan 25, 2017 9:48am|Categories: Completed Trades - Short|Tags: |Comments Off on AKS First Price Target Hit for 15% Gain