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Us Steel Corp Set to Possibly Rebound After Yesterday's Selloff of 1.95%

By David Diaz

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.

In the past 52 weeks, shares of Us Steel Corp have traded between a low of $14.16 and a high of $39.23 and are now at $14.57, which is 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3% while the 200-day MA has slid 1.9%.

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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