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. ...