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U.S. Steel (X) Approaches New Upside Target of $21.17

By James Quinn

Shares of U.S. Steel (NYSE:X) have bullishly opened above the pivot of $20.34 today and have reached the first resistance level of $20.67. Investors may be interested in a cross of the next upside pivot targets of $21.17 and $22.00.

U.S. Steel share prices have moved between a 52-week high of $41.83 and a 52-week low of $6.15 and are now trading 245% above that low price at $21.19 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 5.9%.

U.S. Steel has overhead space with shares priced $21.19, or 45.4% below the average consensus analyst price target of $38.79. U.S. Steel shares have support at the 50-day moving average (MA) of $15.96 and additional support at the 200-day MA of $12.50.

SmarTrend recommended that its subscribers protect gains by selling shares of U.S. Steel on March 8th, 2017 by issuing a Downtrend alert when the shares were trading at $36.32. Since that call, shares of U.S. Steel have fallen 44.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts U.S. Steel

Ticker(s): X