US Steel (X) Offering Possible 16.28% Return Over the Next 10 Calendar Days

US Steel's most recent trend suggests a bearish bias. One trading opportunity on US Steel is a Bear Call Spread using a strike $22.50 short call and a strike $27.50 long call offers a potential 16.28% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $22.50 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock rose above the $27.50 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 21.66 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


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Steel companies are benefiting from surging demand and prices, and the future looks bright. Yet, the stocks remain among Wall Street’s cheapest.

Steel leaders discuss trade issues in response to US-EU Trade and Technology Council meeting
Thu, 30 Sep 2021 23:31:48 +0000
During the discussion, panelists focused on the future of tariffs imposed via Section 232 of the Trade Expansion Act, which allows the president, following investigation by the Department of Commerce, to adjust imports that may threaten national security. In 2018, former President Donald Trump imposed a 25% import tariff on steel and a 10% import tariff on aluminum.

US Steel August Imports Drop as Prices Continue Upward Trajectory
Thu, 30 Sep 2021 10:40:10 +0000
The U.S. steel industry is reaping the benefits of record-high prices, thanks to strong end-market demand and tight supply due to production disruptions at domestic steel mills and Section 232 tariffs on imports.

Why United States Steel (X) Stock Might be a Great Pick
Wed, 29 Sep 2021 14:28:02 +0000
United States Steel (X) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

What Makes U.S. Steel (X) Stock a Solid Choice Right Now
Wed, 29 Sep 2021 12:05:12 +0000
U.S. Steel (X) benefits from strong end-market demand and higher domestic steel prices.

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