US Steel Offering Possible 5.49% Return Over the Next 24 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 5.49% return on risk over the next 24 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 $0.26 would be kept by the premium seller. The risk of $4.74 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 45.71 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for US Steel

UNITED STATES STEEL CORP Files SEC form 8-K, Results of Operations and Financial Condition
Wed, 26 Feb 2014 14:39:10 GMT

The Zacks Analyst Blog Highlights: ArcelorMittal, U.S. Steel, Nucor, AK Steel and Elizabeth Arden
Wed, 26 Feb 2014 13:40:26 GMT

U. S. Steel Finalizes 2013 Earnings To Reflect Additional Tax Benefits
Tue, 25 Feb 2014 22:03:00 GMT
PR Newswire – PITTSBURGH, Feb. 25, 2014 /PRNewswire/ — United States Steel Corporation (NYSE: X) today announced that it has finalized its fourth quarter and full-year 2013 earnings, preliminarily reported on Jan. 28, 2014, to reflect additional after-tax benefits of $392 million. As a result, U. S. Steel results for full-year 2013 improved $392 million to a net loss of $1.672 billion, or $11.56 per share, as compared to a net loss of $2.064 billion, or $14.27 per share, as reported. The company expects the additional tax benefits will generate more than $300 million of incremental after-tax cash flow in 2014. The tax benefits result from liquidating, for tax purposes, a non-U.S. entity that is a holding company for most of U. S. Steel's non-U.S. operations. Additional information on these tax benefits is in the 2013 Form 10-K which was filed today. U. S. Steel intends to use its increased cash position to accelerate The Carnegie Way transformation by investing in core business processes, including commercial, manufacturing, supply chain, procurement and innovation.

UNITED STATES STEEL CORP Files SEC form 10-K, Annual Report
Tue, 25 Feb 2014 21:57:55 GMT

Steel Production Slips as China Output Falls
Tue, 25 Feb 2014 20:40:04 GMT

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