US Steel(Double Bottom?)

US Steel(Double Bottom?)

Tons of support just below $12.00. Trade war ending? Maybe…US Steel has been crushed over the last year. At this week’s low the stock is down over 70% from last summer’s highs. This week X is retesting the May/June lows($11.75). A divergent low in...
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...
US Steel Breaks Out

US Steel Breaks Out

Shares of US Steel are trading at new July highs today.  The stock is up over 3%, its best gain in a month, as it extends last week’s(7/10)trendline break.  X has a solid base in place near the 200 day moving average, which has held the last four monthly lows. ...