US Steel Offering Possible 7.3% Return Over the Next 19 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 $28.00 short put and a strike $23.00 long put offers a potential 7.3% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $28.00 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 $23.00 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 68.29 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for US Steel

Mechel, Yildirim Seal Asset Deal
Mon, 30 Dec 2013 17:40:04 GMT
Zacks – Mechel closes the deal for disposal of several ferroalloys assets to Yildirim Group for $425 million.

47 Ronin, 50 New Highs: Stocks Cap Stellar Week With Friday Pause
Fri, 27 Dec 2013 22:32:00 GMT
Barrons.com – Let's talk about expectations. Specifically, let's talk about expectations for the Keanu Reeves-led 47 Ronin . The troubled film–and that's the word just about everyone uses to describe it–cost at least …

The Steel Industry's Imminent Correction
Fri, 27 Dec 2013 09:21:22 GMT
Seeking Alpha – On July 6th 2013, the Economist published the article: “An Inferno of Unprofitability: The world's overcapacity in steelmaking is getting worse, and profits are evaporating,” which described …

Concerned about China: Trader
Thu, 26 Dec 2013 22:42:00 GMT
CNBC – “Fast Money” trader Gordon Johnson says liquidity is flowing into China at a large rate. Johnson says his firm is shorting U.S. Steel and Joy Global on the concerns.

Steel to rebound in 2014?
Thu, 26 Dec 2013 19:30:00 GMT
CNBC – CNBC's Morgan Brennan reports steel is staged to benefit from an expected non-residential construction recovery in 2014.

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