US Steel's most recent trend suggests a bullish bias. One trading opportunity on US Steel is a Bull Put Spread using a strike $34.00 short put and a strike $29.00 long put offers a potential 11.36% 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 $34.00 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock dropped below the $29.00 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 above 80 which suggests that the stock is in overbought 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
Must-know: Performance of European operations in the 2Q
Wed, 06 Aug 2014 22:37:04 GMT
UNITED STATES STEEL CORP Financials
Wed, 06 Aug 2014 17:04:16 GMT
U.S Steel is up 30% in 30 days…Will it hurdle this???
Wed, 06 Aug 2014 15:03:13 GMT
Must-know: An overview of ArcelorMittal
Wed, 06 Aug 2014 14:36:07 GMT
Will United States Steel (X) Continue to Surge Higher?
Wed, 06 Aug 2014 13:16:20 GMT
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