• Return to Headlines

Us Steel Corp: The Losing Streak Continues (X)

By Nick Russo

Shares of Us Steel Corp (NYSE:X) traded at a new 52-week low today of $11.29. Approximately 2.9 million shares have changed hands today, as compared to an average 30-day volume of 11.6 million shares.

Potential upside of 22.1% exists for Us Steel Corp, based on a current level of $11.29 and analysts' average consensus price target of $13.79. Us Steel Corp shares should first meet resistance at the 50-day moving average (MA) of $14.17 and find additional resistance at the 200-day MA of $18.79.

United States Steel Corporation operates as an integrated steel producer. The Company manufactures flat-rolled and tubular products with production operations in North America and Europe. United States Steel serves the automotive, appliance, container, industrial machinery, construction, and oil and gas industries.

Us Steel Corp share prices have moved between a 52-week high of $31.59 and the current low of $11.29 and are currently at $11.29 per share. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Us Steel Corp on July 9th, 2019 by issuing a Downtrend alert when the shares were trading at $13.47. Since that call, shares of Us Steel Corp have fallen 14.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows us steel corp

Ticker(s): X