US Steel (X) Offering Possible 8.7% Return Over the Next 8 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 $25.00 short call and a strike $30.00 long call offers a potential 8.7% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $25.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $30.00 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 at 21.43 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for US Steel

Will Rate Cuts And Stimulus Packages Help China’s Steel Demand?
Fri, 09 Jan 2015 22:36:02 GMT

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Fri, 09 Jan 2015 20:36:03 GMT

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Fri, 09 Jan 2015 18:36:01 GMT

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Fri, 09 Jan 2015 16:36:02 GMT

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Fri, 09 Jan 2015 14:57:16 GMT

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