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After Yesterday's Rally of 1.88% Shares Could Potentially Pullback

By Amy Schwartz

Us Steel Corp (NYSE:X) traded in a range yesterday that spanned from a low of $24.96 to a high of $25.58. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $25.34 on volume of 4.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Us Steel Corp on July 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.84. Since that recommendation, shares of Us Steel Corp have risen 4.6%. We continue to monitor X for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Us Steel Corp have traded between a low of $14.80 and a high of $41.83 and are now at $25.52, which is 72% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 5.9%.

Keywords: rebounders us steel corp

Ticker(s): X