US Steel (X) Offering Possible 27.88% Return Over the Next 8 Calendar Days

US Steel's most recent trend suggests a bullish bias. One trading opportunity on US Steel is a Bull Put Spread using a strike $44.00 short put and a strike $39.00 long put offers a potential 27.88% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $44.00 by expiration. The full premium credit of $1.09 would be kept by the premium seller. The risk of $3.91 would be incurred if the stock dropped below the $39.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for US Steel is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for US Steel is bullish.

The RSI indicator is at 73.64 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

China Has Leverage to Retaliate Against U.S. Steel Tariffs
Wed, 07 Mar 2018 04:07:43 +0000
Bloomberg's Stephen Engle reports on China's potential response to U.S. steel sanctions. He speaks with Haslina Amin on “Bloomberg Markets Asia.” (Source: Bloomberg)

[$$] Trump administration starts to rev its engines
Wed, 07 Mar 2018 01:14:07 +0000
“There is no Chaos,” tweeted Donald Trump about his White House on Tuesday morning. “Only great Energy!” All of it seems to be rushing for the exits. A few hours later, Gary Cohn became the third senior …

What’s in Store for Nucor after a Tepid Start to the Year?
Tue, 06 Mar 2018 22:23:34 +0000
What's in Store for Nucor after a Tepid Start to the Year?Nucor

Trump Tariff Update: Stocks Swing, GOP & Industry Speak Out
Tue, 06 Mar 2018 20:47:08 +0000
Continued uncertainty surrounding President Donald Trump's proposed tariffs caused U.S. steel and aluminum stocks and funds–including U.S. Steel (X), Alcoa (AA), and the S&P Metals and Mining ETF (XME)–to fluctuate on Tuesday.

Trump's Steel Tariffs More Political War Than Trade War
Tue, 06 Mar 2018 18:54:00 +0000
It was largely believed that the Trump tariffs on steel and aluminum were targeting China. But a closer look shows that China is not even a top 10 supplier of steel.

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