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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, 17 Nov 2017NoneBearish EngulfingFri, 03 Nov 20170.89%
***Stock database and scans are updated around midnight (New York time) every trading day.
27.28 0.00 (0%) Nov 17 4:00pm EST
Open: 27.09 Range: 26.89 - 27.53 Vol: 7.31M Avg Vol: 11.59M
EPS: 0.16 P/E ratio: 160.25 EBITDA: 838.00M Mkt Cap: 4.43B
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 27.16
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 27.27
Last Trade is above the 50 day moving average at 26.45
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 27.01
* 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 a downward bias. This stock has traded about 51% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 11.6M shares changing hands. In the medium term however, the 50 day moving average for X is very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is also biased to the bullish side although the last two months have been in a trading range. Although the medium term moving averages generally favor the longs, buyers still have to tread carefully as the longer term uptrend is still not very convincing. Objectively, dips should still be bought but buyers have to be very selective in choosing a level to scale in for e.g. near the 200 SMA currently at 27.01. 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 $28.36* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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