US Steel (X) Offering Possible 6.84% Return Over the Next 9 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 $26.00 short call and a strike $31.00 long call offers a potential 6.84% 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 $26.00 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock rose above the $31.00 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 23.32 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

LATEST NEWS for US Steel

Oil-Price Drop Takes Shine Off Steel Town
Fri, 09 Jan 2015 05:31:52 GMT
The Wall Street Journal – The collapse of oil prices in the last six months is threatening to end a recent industrial revival in manufacturing centers like Lorain, Ohio, home to a U.S. Steel plant that supplies energy companies….

How lower oil prices could fuel more hiring in US
Thu, 08 Jan 2015 23:11:49 GMT

How lower oil prices could fuel more hiring in US
Thu, 08 Jan 2015 23:11:49 GMT

Must-Know: The Outlook For Steel Prices In 2015
Thu, 08 Jan 2015 22:36:02 GMT

The Energy Sector’s Steel Demand Could Be Subdued In 2015
Thu, 08 Jan 2015 20:36:02 GMT

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