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After Yesterday's Rally of 1.95% Shares Could Potentially Pullback

By Shiri Gupta

Us Steel Corp (NYSE:X) traded in a range yesterday that spanned from a low of $26.72 to a high of $27.40. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $27.12 on volume of 6.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Us Steel Corp has traded in a range of $14.80 to $41.83 and is now at $27.00, 82% above that low. The 200-day and 50-day moving averages have moved 0.24% higher and 5.94% higher over the past week, respectively.

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 11.6%. We continue to monitor X for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders us steel corp

Ticker(s): X