US Steel Update

US Steel Update

US Steel began a steady decline on May 4th. The day before the stock surged over 17% following its Q1 earnings results. By the final day of May X was down nearly 30% from the May 3rd peak. This month the stock has begun to rebound and is continuing to hold above a key...
Has U.S. Steel Bottomed?

Has U.S. Steel Bottomed?

Earlier this week U.S. Steel printed a new 2018 low after dropping nearly 50% from the March peak.  Since its last earnings release(8/2)alone shares have fallen over 30%.  This steep decline has pushed $X down to a major support zone near its 40 week moving...
U.S. Steel Strengthens

U.S. Steel Strengthens

Shares of U.S. Steel have been trading in a narrow pattern since a nasty post earnings breakdown back on August 2nd.  The stock dropped over 10% that day on very heavy trade, its third 10% plus decline this year.  Shares continued to drift lower in early August...