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Us Steel Corp (X) Crosses Pivot Point Resistance at $29.11

By David Diaz

Shares of Us Steel Corp (NYSE:X) have bullishly opened above the pivot of $28.68 today and have reached the first resistance level of $29.11. Should the shares continue to rise, the resistance pivots of $29.49 and $30.30 will be of interest.

There is potential upside of 0.0% for shares of Us Steel Corp based on a current price of $0.00 and an average consensus analyst price target of $42.67. The stock should run into initial resistance at its 50-day moving average (MA) of $32.84 and subsequent resistance at its 200-day MA of $35.73.

In the past 52 weeks, shares of Us Steel Corp have traded between the current low of $0.00 and a high of $47.64 and are now at $0.00. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Us Steel Corp on August 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $33.62. Since that call, shares of Us Steel Corp have fallen 14.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts us steel corp

Ticker(s): X