• Return to Headlines

Us Steel Corp Falls 4.47% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Us Steel Corp (NYSE:X) traded in a range yesterday that spanned from a low of $21.51 to a high of $22.38. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $22.53 on volume of 4.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Us Steel Corp on November 20th, 2018 by issuing a Downtrend alert when the shares were trading at $26.09. Since that call, shares of Us Steel Corp have fallen 13.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Us Steel Corp share prices have moved between a 52-week high of $47.64 and a 52-week low of $21.96 and are now trading 3% above that low price at $22.57 per share. The 200-day and 50-day moving averages have moved 0.88% lower and 1.37% lower over the past week, respectively.

Keywords: rebounders us steel corp

Ticker(s): X