AK Steel Attempts To Clear $6.00 Level

AK Steel Holding Corporation AKS shares are trading higher by 33 cents (5.5 percent) at $5.99 in Wednesday's session.

The stock is moving higher with other issues in the steel sector such as US Steel X.

After a slightly higher open, AK Steel had a brief retreat before finding support just above Tuesday's close ($5.66) and $5.70 before continuing its move higher. So far, the ensuing rally has taken the stock to $6.10 and is attempting to remain in $6.00 handle.

The stock has peaked intraday above $6.00 on a few different occasions since late July, but hasn't posted a close above that level since July 26, when it ended that session at $6.24.