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SmarTrend Watching for Potential Rebound in Shares of Us Steel Corp After 1.95% Loss

By James Quinn

Us Steel Corp (NYSE:X) traded in a range yesterday that spanned from a low of $14.51 to a high of $15.11. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $14.65 on volume of 4.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Us Steel Corp has traded in a range of $14.16 to $39.23 and is now at $14.57, 3% above that low. The 200-day and 50-day moving averages have moved 1.86% lower and 2.98% lower over the past week, respectively.

Keywords: rebounders us steel corp

Ticker(s): X