US Steel (X) Offering Possible 23.46% Return Over the Next 32 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 $29.00 short call and a strike $34.00 long call offers a potential 23.46% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $29.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock rose above the $34.00 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 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

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Tue, 16 Dec 2014 14:43:00 GMT

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Mon, 15 Dec 2014 17:00:10 GMT

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Mon, 15 Dec 2014 14:40:00 GMT

How The Crude Oil Price Drop Impacts US Steel’s Tubular Segment
Mon, 15 Dec 2014 13:00:14 GMT

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Fri, 12 Dec 2014 21:00:14 GMT

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