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After Yesterday's Rally of 1.04% Shares Could Potentially Pullback

By Shiri Gupta

Us Steel Corp (NYSE:X) traded in a range yesterday that spanned from a low of $9.24 to a high of $9.43. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $9.38 on volume of 5.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Us Steel Corp share prices have moved between a 52-week high of $24.74 and a 52-week low of $8.87 and are now trading 6% above that low price at $9.38 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 2.5%.

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

Keywords: rebounders us steel corp

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