AK Steel Holding (NYSE:AKS) was downgraded from Neutral to Sell at Citigroup today. The stock closed yesterday at $5.25 on volume of 9.1 million shares, above average daily volume of 8.1 million.Over the past year, AK Steel Holding has traded in a range of $4.44 to $10.33 and closed yesterday at $5.25, 18% above that low. The 200-day and 50-day moving averages have moved 1.06% lower and 0.93% lower over the past week, respectively.AK Steel Holding has overhead space with shares priced $5.25, or 9.0% below the average consensus analyst price target of $5.77. AK Steel Holding shares should first meet resistance at the 50-day moving average (MA) of $5.43 and find additional resistance at the 200-day MA of $6.94.
