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Look for Shares of Us Steel Corp to Potentially Rebound after Yesterday's 6.69% Sell Off

By Nick Russo

Us Steel Corp (NYSE:X) traded in a range yesterday that spanned from a low of $40.62 to a high of $42.72. Yesterday, the shares fell 6.7%, which took the trading range below the 3-day low of $42.32 on volume of 11.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Us Steel Corp on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.00. Since that recommendation, shares of Us Steel Corp have risen 11.7%. 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 $47.64 and a 52-week low of $14.80 and are now trading 177% above that low price at $41.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 5.9% while the 200-day MA has risen 0.2%.

Keywords: rebounders us steel corp

Ticker(s): X