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After Yesterday's Rally of 2.19% Shares Could Potentially Pullback

By Amy Schwartz

Us Steel Corp (NYSE:X) traded in a range yesterday that spanned from a low of $40.26 to a high of $41.28. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $40.75 on volume of 6.2 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 67.7%. We continue to monitor X for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Us Steel Corp share prices have moved between a 52-week high of $41.83 and a 52-week low of $14.80 and are now trading 176% above that low price at $40.81 per share. The 200-day and 50-day moving averages have moved 0.24% higher and 5.94% higher over the past week, respectively.

Keywords: rebounders us steel corp

Ticker(s): X