Wall Street Fundamentals Releases New In-Depth Stock Reports on AKS, NUE, STLD and X

Steel prices have surged roughly 10 percent recently as a result of a number of unexpected circumstances. In recent months approximately five million tons of annual capacity has been taken off the market, roughly 4 percent of the nation’s supply, due to blast furnace outages in Ohio and Brazil and a work lockout in Ontario. "Now people are suddenly worried about being short of steel and are trying to build inventory," says John Packard, publisher of the Steel Market Update newsletter "For now, oversupply doesn't exist anymore in the U.S., and that's impacting prices."

AK Steel Holding Corporation (NYSE:AKS - News) shares traded in the range of $3.03 to $3.17 Monday before settling to close at $3.13, an increase of 3.99 percent. The stock appears to be facing resistance at the $3.28 and $3.45 levels with some support at $3.06. Shares of AK Steel are down approximately 32.0 percent in 2013.

More information on AK Steel and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AKS

Nucor Corporation (NYSE:NUE - News) shares traded in the range of $43.70 to $44.35 Monday before settling to close at $43.88 a share. The stock appears to be facing resistance at the $44.58 and $44.99 levels with some support at $43.76. Shares of Nucor are up approximately 1.7 percent in 2013.

More information on Nucor and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NUE

Steel Dynamics, Inc. (NASDAQ:STLD - News) shares traded in the range of $15.09 to $15.24 Monday before settling to close at $15.09, a decrease of 0.26 percent. The stock appears to be facing resistance at the $15.28 and $15.36 levels with some support at $15.08. Shares of Steel Dynamics are up approximately 9.9 percent in 2013.

More information on Steel Dynamics and access to the free equity report can be found at:
www.WallStreetFundamentals.com/STLD

United States Steel Corporation (NYSE:X - News) shares traded in the range of $18.37 to $19.07 Monday before settling to close at $18.59, an increase of 1.25 percent. The stock appears to be facing resistance at the $19.26 and $19.99 levels with some support at $17.99. Shares of United States Steel are down approximately 22.0 percent in 2013.

More information on United States Steel and access to the free equity report can be found at:
www.WallStreetFundamentals.com/X

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

Search