Oi SA (ADR) (NYSE: OIBR), a Brazil-based company engaged in the telecommunication sector, is up sharply in mid-day trading today. At last check, OIBR was trading 2.24% higher at $4.34 on volume of 304,930, which is well below the daily average volume of 2.12 million.
OIBR has bounced back after falling in the previous two trading sessions. The stock is currently facing stiff resistance at $4.40. If OIBR can break through this key technical level then a strong bullish trend will be established. The next resistance level after $4.40 is at $4.70. The stock has support at around $4.30.
Find out if this is the right moment to buy or sell OIBR by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=OIBR
AK Steel Holding Corporation (NYSE: AKS), a producer of flat-rolled carbon, stainless and electrical steels, and tubular products in the U.S. and internationally, is climbing in mid-day trading today. At last check, AKS was trading 3.56% higher at $4.66 on volume of 2.04 million, which is a little over a quarter of the daily average volume of 7.24 million.
Despite the sharp rise today, AKS is still down 0.47% for the week. The stock is approaching $4.80 resistance level. A bullish trend will be established if AKS can break through this level. The next resistance level after $4.80 is at $5.50. The stock has support at around $4.50.
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