• Return to Headlines

Us Steel Corp Set to Possibly Rebound After Yesterday's Selloff of 4.47%

By James Quinn

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.

Over the past year, Us Steel Corp has traded in a range of $21.96 to $47.64 and is now at $22.57, 3% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.4%.

Keywords: rebounders us steel corp

Ticker(s): X