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Us Steel Corp Crosses Above its 10-day MA (X)

By David Diaz

Us Steel Corp (NYSE:X) crossed over its 10-day moving average of $15.77 on a volume of 11.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Us Steel Corp have traded between a low of $14.16 and a high of $39.23 and are now at $16.00, which is 13% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has declined 3.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Us Steel Corp on March 5th, 2019 by issuing a Downtrend alert when the shares were trading at $22.02. Since that call, shares of Us Steel Corp have fallen 34.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses us steel corp

Ticker(s): X