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U.S. Steel Crosses Above its 10-day MA (X)

By Amy Schwartz

U.S. Steel (NYSE:X) crossed over its 10-day moving average of $16.53 on a volume of 4.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

U.S. Steel share prices have moved between a 52-week high of $27.09 and a 52-week low of $6.15 and are now trading 182% above that low price at $17.36 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 5.9%.

SmarTrend is monitoring the recent change of momentum in U.S. Steel. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of U.S. Steel in search of a potential trend change.

Keywords: moving crosses U.S. Steel

Ticker(s): X