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After Yesterday's Rally of 4.77% Shares Could Potentially Pullback

By Shiri Gupta

Us Steel Corp (NYSE:X) traded in a range yesterday that spanned from a low of $36.08 to a high of $37.65. Yesterday, the shares gained 4.8%, which took the trading range above the 3-day high of $36.69 on volume of 4.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Us Steel Corp share prices have moved between a 52-week high of $47.64 and a 52-week low of $14.80 and are now trading 154% above that low price at $37.53 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 5.9%.

SmarTrend is tracking the current trend status for Us Steel Corp and will alert subscribers who have X in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders us steel corp

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