TimkenSteel Corp. (TMST)

CANTON, Ohio, Dec. 6, 2018 /PRNewswire/ -- The TimkenSteel Charitable Fund has awarded seven new TimkenSteel scholars with $145,000 in scholarship funds.

- Delivers net income in-line with guidance; exceeds Adjusted EBITDA(1) expectations

In trading on Thursday, shares of Timkensteel Corp entered into oversold territory, changing hands as low as $12.82 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.

CANTON, Ohio, Oct. 1, 2018 /PRNewswire/ -- TimkenSteel Corp.

CANTON, Ohio, Sept. 21, 2018 /PRNewswire/ -- TimkenSteel Corporation (NYSE: TMST, timkensteel.

CANTON, Ohio, Aug. 21, 2018 /PRNewswire/ -- TimkenSteel Corporation (NYSE: TMST, timkensteel.

In trading on Monday, shares of Timkensteel Corp entered into oversold territory, changing hands as low as $14.035 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.

In trading on Friday, shares of Timkensteel Corp crossed below their 200 day moving average of $16.45, changing hands as low as $16.07 per share. Timkensteel Corp shares are currently trading down about 12.4% on the day.

Investors in Timkensteel Corp saw new options become available this week, for the November 16th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 235 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.

The company's largest driver to use U.S. steel on the exterior of its cars is likely logistics, not patriotism. Meanwhile, the company uses various parts on the interiors of its vehicles that are made using steel from across the globe.

In trading on Monday, shares of Timkensteel Corp crossed above their 200 day moving average of $15.18, changing hands as high as $16.84 per share. Timkensteel Corp shares are currently trading up about 13.8% on the day.

In recent trading, shares of Timkensteel Corp have crossed above the average analyst 12-month target price of $17.40, changing hands for $17.70/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

Investors in Timkensteel Corp saw new options begin trading this week, for the August 17th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 219 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.

Jim Cramer is bullish on Exxon, Chevron, Cimarex Energy, Skechers USA, and Halozyme Therapeutics.

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Investors considering a purchase of Timkensteel Corp stock, but tentative about paying the going market price of $13.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2018 put at the $10 strike, which has a bid at the time of this writing of 55 cents.

A study of analyst recommendations at the major brokerages shows that Timkensteel Corp is the #18 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector.

In trading on Wednesday, shares of Timkensteel Corp crossed above their 200 day moving average of $16.06, changing hands as high as $16.12 per share. Timkensteel Corp shares are currently trading up about 8.5% on the day.

The most recent short interest data has been released for the 08/31/2017 settlement date, which shows a 994,835 share decrease in total short interest for Timkensteel Corp , to 5,874,812, a decrease of 14.48% since 08/15/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.

Second quarter shipments fell 6% to 1,465,200 tons compared to the second quarter a year ago, "primarily as a result of a decrease in automotive demand."

In trading on Tuesday, shares of Timkensteel Corp crossed above their 200 day moving average of $15.06, changing hands as high as $15.60 per share. Timkensteel Corp shares are currently trading up about 6.7% on the day.

Credit Suisse lifted the sector to overweight from underweight based on expectations that prices will bottom this summer and begin to rebound in the third quarter.

This is a big improvement over price declines of 2014-15.