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

By David Diaz

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.

In the past 52 weeks, shares of Us Steel Corp have traded between a low of $14.80 and a high of $47.64 and are now at $41.00, which is 177% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 5.9%.

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.

Keywords: rebounders us steel corp

Ticker(s): X