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U.S. Steel Rises 6.17% on Heavy Volume: Watch For Potential Pullback

By David Diaz

U.S. Steel (NYSE:X) traded in a range yesterday that spanned from a low of $17.28 to a high of $18.34. Yesterday, the shares gained 6.2%, which took the trading range above the 3-day high of $17.47 on volume of 12.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for U.S. Steel and will alert subscribers who have X in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of U.S. Steel have traded between a low of $6.15 and a high of $27.64 and are now at $18.11, which is 194% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 5.94% higher over the past week, respectively.

Keywords: rebounders U.S. Steel

Ticker(s): X