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Us Steel Corp Falls 2.72% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Us Steel Corp (NYSE:X) traded in a range yesterday that spanned from a low of $22.94 to a high of $23.85. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $23.55 on volume of 6.3 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 $41.83 and are now at $23.08, which is 56% above that low price. 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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