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Us Steel Corp Set to Possibly Rebound After Yesterday's Selloff of 2.80%

By Shiri Gupta

Us Steel Corp (NYSE:X) traded in a range yesterday that spanned from a low of $10.56 to a high of $10.95. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $10.57 on volume of 6.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Us Steel Corp share prices have moved between a 52-week high of $24.74 and a 52-week low of $9.93 and are now trading 9% above that low price at $10.79 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Us Steel Corp on December 20th, 2019 by issuing a Downtrend alert when the shares were trading at $12.16. Since that call, shares of Us Steel Corp have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders us steel corp

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