US Steel's most recent trend suggests a bearish bias. One trading opportunity on US Steel is a Bear Call Spread using a strike $36.00 short call and a strike $41.00 long call offers a potential 12.87% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.00 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.43 would be incurred if the stock rose above the $41.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for US Steel is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for US Steel is bearish.
The RSI indicator is at 44.55 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for US Steel
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Thu, 13 Nov 2014 21:00:13 GMT
U. S. Steel Tubular Products Honors Jeffrey L. Ventura With Chief Roughneck Award
Thu, 13 Nov 2014 18:11:00 GMT
PR Newswire – HOUSTON, Nov. 13, 2014 /PRNewswire/ — U. S. Steel Tubular Products, Inc., a subsidiary of United States Steel Corporation (NYSE: X), announced that Jeffrey L. Ventura, president and chief executive officer …
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