US Steel (X) Offering Possible 40.06% Return Over the Next 28 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 $31.00 short put and a strike $26.00 long put offers a potential 40.06% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $31.00 by expiration. The full premium credit of $1.43 would be kept by the premium seller. The risk of $3.57 would be incurred if the stock dropped below the $26.00 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 78.04 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

U.S. Steel Stock Price Targets Are Rising, but Nobody’s Newly Bullish
Tue, 15 Mar 2022 20:56:00 +0000
Citigroup analyst Alexander Hacking raised his price target for U.S. Steel stock, but it implies only about 10% upside. He has a Hold rating on shares.

U. S. Steel Named One of the World’s Most Ethical Companies for 2022
Tue, 15 Mar 2022 14:17:00 +0000
PITTSBURGH, March 15, 2022–United States Steel Corporation (NYSE: X) (“U. S. Steel”) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2022 World’s Most Ethical Companies.

United States Steel (X) Gains As Market Dips: What You Should Know
Fri, 11 Mar 2022 22:50:10 +0000
United States Steel (X) closed at $33.34 in the latest trading session, marking a +0.12% move from the prior day.

What drove U.S. Steel to choose Arkansas for $3B mini mill
Thu, 10 Mar 2022 21:13:32 +0000
The investment in Arkansas is the newest chapter in the ongoing question of what U.S. Steel's steelmaking future looks like in southwestern Pennsylvania.

Environmental groups: U.S. Steel fines are a ‘significant step forward'
Mon, 07 Mar 2022 21:17:33 +0000
ACHD late last week released a study of hydrogen sulfide (H2S) emissions over state limits captured by the LIberty Monitoring Site in the Mon Valley between Jan. 1, 2020, and March 1, 2022.

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