US Steel (X) Offering Possible 26.9% Return Over the Next 16 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 $22.00 short put and a strike $17.00 long put offers a potential 26.9% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $22.00 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $3.94 would be incurred if the stock dropped below the $17.00 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 24.91 level which suggests that the stock is neither overbought nor oversold at this time.

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

Should Value Investors Buy United States Steel (X) Stock?
Mon, 27 Sep 2021 15:50:03 +0000
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Global Steel August Production Slips as China Deepens Curbs
Fri, 24 Sep 2021 12:19:12 +0000
Crude steel production from China tumbled 13.2% year over year to 83.2 Mt in August as Beijing stepped up measures to curb production to clean up the environment.

Steelmakers Capitalize Record Prices to Spend Big on New Mills
Thu, 23 Sep 2021 11:50:11 +0000
The recently announced multi-billion projects from major U.S. steel producers reflect the underlying strength in the domestic steel industry underpinned by strong demand and record-high prices.

United States Steel (X) Gains But Lags Market: What You Should Know
Wed, 22 Sep 2021 21:45:09 +0000
In the latest trading session, United States Steel (X) closed at $21.49, marking a +0.05% move from the previous day.

Iron ore: Why this left-for-dead metal could rocket, and 4 easy ways to buy it
Wed, 22 Sep 2021 16:16:00 +0000
Big declines in iron ore prices are creating exciting opportunities for investors.

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