US Steel (X) Offering Possible 15.47% 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 $21.50 short put and a strike $16.50 long put offers a potential 15.47% 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 $21.50 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock dropped below the $16.50 long put 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 29 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

Can U.S. Steel (X) Keep the Earnings Surprise Streak Alive?
Tue, 05 Oct 2021 16:10:04 +0000
U.S. Steel (X) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

United States Steel (X) Gains As Market Dips: What You Should Know
Mon, 04 Oct 2021 21:45:09 +0000
United States Steel (X) closed the most recent trading day at $21.90, moving +0.83% from the previous trading session.

5 Stocks to Play the Steel Industry’s Revival
Fri, 01 Oct 2021 22:48:00 +0000
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.

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