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[Costa]

Last week was a little tumultuous for AK Steel Holding Corporation (NYSE:AKS), but it ended very well. The stock fell hard on an analyst downgrade but their earnings report was so positive that the stock rebounded firmly up off the 2.25 danger zone and closed the week back over the 50-day EMA on high volume. Additionally, i saw unusual bullish options activity Friday. The surge in call options activity could signal more gains for the stock in the next few sessions. From a technical standpoint, MACD has a bullish crossover and the bullish crossover in the ADX chart adds to my conviction. Momentum oscillator RSI is also trading above 50 which signals the bullish trend further. This stock should be on your watchlist.

[dasein]

The steels in general are looking bullish - and this in turn suggests that pipes (and O&G drilling) might finally turn around.