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United States Steel Corporation (X) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Steel/Iron Ore
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 20 Oct 2017NoneShooting StarWed, 18 Oct 20174.33%
***Stock database and scans are updated around midnight (New York time) every trading day.
28.08 0.00 (0%) Oct 23 2:35pm EDT
Open: 28.27 Range: 28.02 - 28.66 Vol: 5.72M Avg Vol: 12.97M
EPS: 0.16 P/E ratio: 179.94 EBITDA: 838.00M Mkt Cap: 4.97B
Analyze "X" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 27.33
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 26.03
Last Trade is above the 50 day moving average at 25.65
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 27.64
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of X

Stock Trend Analysis - Buy, Sell or Hold "United States Steel Corporation" (X)?

X is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 52% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation X will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 27.64. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "X".

The analyst consensus estimates for the 1 year price target for this stock is $28.27* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 20 Oct 2017
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