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Mid-Day Follow-Up Commentary on Selected Stock: (NYSE: UVXY), (NYSE: AKS)


New York, NY -- (ReleaseWire) -- 02/07/2013 --ProShares Ultra VIX Short Term Fut ETF (NYSE: UVXY) traded in the range of $10.68 and $11.81 during its latest trading session. The ETF opened at $10.72 and is currently at $11.45, up 4.08 percent from its previous close of $11.02. Despite its up movement, the fund’s MACD chart shows neutral trend and it may go down to $10.95 level in the coming session. ProShares Ultra VIX is also trading above its short term moving average price of $11.24 but below long term moving average price of $12.64, which hints at mild bearish trend.

The neutral trend is likely to continue for the midterm time period.

Find out more on UVXY by getting the free full report here:

AK Steel Holding Corporation (NYSE: AKS) stock is at $4.09, down 2.27 percent from its previous close of $4.19. Its latest trading volume has been recorded at 3.02 million shares, in contrast to the average daily trading volume of 9.115 million shares. The stock opened the session at $4.20 and touched its highest price point at $4.23. AK Steel Holding stock’s lowest price point for the session stood at $4.09. The stock’s MACD chart shows neutral trend and the stock may test its first support level at $3.95.

AK Steel Holding is based out of Ohio and deals in electric steel and flat rolled carbon.

Find out where AKS could be headed by getting the free full report here:

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