US Steel’s most recent trend suggests a bullish bias. One trading opportunity on US Steel is a Bull Put Spread using a strike $44.00 short put and a strike $39.00 long put offers a potential 27.88% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $44.00 by expiration. The full premium credit of $1.09 would be kept by the premium seller. The risk of $3.91 would be incurred if the stock dropped below the $39.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for US Steel is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for US Steel is bullish.
The RSI indicator is at 73.64 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for US Steel
China Has Leverage to Retaliate Against U.S. Steel Tariffs
Wed, 07 Mar 2018 04:07:43 +0000
Bloomberg’s Stephen Engle reports on China’s potential response to U.S. steel sanctions. He speaks with Haslina Amin on “Bloomberg Markets Asia.” (Source: Bloomberg)
[$$] Trump administration starts to rev its engines
Wed, 07 Mar 2018 01:14:07 +0000
“There is no Chaos,” tweeted Donald Trump about his White House on Tuesday morning. “Only great Energy!” All of it seems to be rushing for the exits. A few hours later, Gary Cohn became the third senior …
What’s in Store for Nucor after a Tepid Start to the Year?
Tue, 06 Mar 2018 22:23:34 +0000
What’s in Store for Nucor after a Tepid Start to the Year?Nucor
Trump Tariff Update: Stocks Swing, GOP & Industry Speak Out
Tue, 06 Mar 2018 20:47:08 +0000
Continued uncertainty surrounding President Donald Trump’s proposed tariffs caused U.S. steel and aluminum stocks and funds–including U.S. Steel (X), Alcoa (AA), and the S&P Metals and Mining ETF (XME)–to fluctuate on Tuesday.
Trump’s Steel Tariffs More Political War Than Trade War
Tue, 06 Mar 2018 18:54:00 +0000
It was largely believed that the Trump tariffs on steel and aluminum were targeting China. But a closer look shows that China is not even a top 10 supplier of steel.
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