US Steel Offering Possible 7.3% Return Over the Next 10 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 $26.00 short put and a strike $21.00 long put offers a potential 7.3% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $26.00 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock dropped below the $21.00 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 below 20 which suggests that the stock is in oversold territory.

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

Ex-Div Reminder for United States Steel (X)
Wed, 06 Nov 2013 15:21:00 GMT
Forbes – Looking at the universe of stocks we cover at Dividend Channel, on 11/8/13, United States Steel Corp. (NYSE: X) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 12/10/13. As a percentage of X's recent stock price of $27.34, this dividend works out to approximately 0.18%. Click here to […]

The S&P 500's 5 Most Hated Stocks
Tue, 05 Nov 2013 23:00:38 GMT
Motley Fool – With the S&P 500 up 23.5% year to date, skepticism is building that we could be ready to go over a cliff. Here are five S&P 500 stocks that short-sellers are counting on to lead to the index to the downside …

U.S. Steel: Goldman Continues To Boost Steel Sector Momentum
Tue, 05 Nov 2013 19:03:49 GMT
Seeking Alpha – Shares of US Steel ( X ) continue to add to their impressive momentum in recent times. The reason are some bullish research comments from Goldman Sachs ( GS ) about the wider US steel sector, allowing …

Should You Follow Goldman Sachs' Word on Steel?
Tue, 05 Nov 2013 01:04:17 GMT
Motley Fool – Steel is one of those industries that are cyclical by nature, but should you jump into a company like AK Steel Holdings or US Steel on an outlook change alone or put money behind industry leaders like …

Modest Gains Feed Market’s Rally
Tue, 05 Nov 2013 00:57:36 GMT
New York Times – The gains were widespread, with all 10 industries tracked in the Standard & Poor’s 500-stock index advancing, and twice as many stocks rising as falling.

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