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UNITED STATES STEEL CORP CEDEAR EACH REP 1/3 ORDUNITED STATES STEEL CORP CEDEAR EACH REP 1/3 ORDUNITED STATES STEEL CORP CEDEAR EACH REP 1/3 ORD

UNITED STATES STEEL CORP CEDEAR EACH REP 1/3 ORD

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X trade ideas

United Stated Steel reversal 38% drop since December seems overdone. Reversal opportunity. Tariffs didn't work out like expected fro POTUS. Short interest very high at 32% could fuel the rally. Company profile U.S. Steel reports Q4 2019 earnings, beating analyst estimates on both earnings and revenue. During the earnings call, the management states that the market has hit a bottom. The stock has lost a lot of ground since December, and it looks like it's time for an upside correction. Longer-term concerns about elevated debt levels and increased capital spending remain intact. In the short-term, coronavirus is the main threat. Source seeking Alpha
NYSE:XLong
by RedHotStocks
US steel could be reversing soonWhile the macro has been bringing bearish news, you can’t cover your ears when the TA gods reach out. Reasons for reversal: - price near .886 pcz of huge weekly harmonic - weekly bullish divergence on both indicators - daily and 4h divergence on macd - daily gap to fill at $13 - Trump to further deregulate US menufacturing This should be a position trade held for over one year, leverage not recommended. Disclaimer: this is not financial advice, please do your own research before opening a position Hey everyone! If you enjoyed the idea please give a like and a follow. Appreciate the support and much more to come :)
NYSE:XLong
by Eldtrades
US Steel reports smaller loss than expected U.S. Steel (NYSE:X) +6.2% after-hours after reporting a smaller than expected Q4 loss and saying it expects improving results this year following Q1. Q4 revenue fell 23% Y/Y to $2.82B from $3.69B; flat-rolled shipments fell 8% to 2.52M net tons at an average realized price of $699/ton vs. $823/ton in the prior-year quarter, and tubular shipments slid 10% to 193K tons at an average realize price of $1,298/ton vs. $1,488/ton a year earlier. But U.S. Steel expects Q1 will be "the trough for the year due to the normal seasonality of our mining operations and lower shipments in Flat-rolled as the company prepares for the April blast furnace outage at Gary Works." Source seekingalpha
NYSE:X
by Bullishcharts
United States Steel Earnings not as bad as expectedU.S. Steel (NYSE:X) +6.2% after-hours after reporting a smaller than expected Q4 loss and saying it expects improving results this year following Q1. Q4 revenue fell 23% Y/Y to $2.82B from $3.69B; flat-rolled shipments fell 8% to 2.52M net tons at an average realized price of $699/ton vs. $823/ton in the prior-year quarter, and tubular shipments slid 10% to 193K tons at an average realize price of $1,298/ton vs. $1,488/ton a year earlier. But U.S. Steel expects Q1 will be "the trough for the year due to the normal seasonality of our mining operations and lower shipments in Flat-rolled as the company prepares for the April blast furnace outage at Gary Works." United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufactures steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers producing and marketsing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.
NYSE:X
by DEXWireNews
X - revisitedIt's been about a month now since X fell out of the uptrend channel that looked so promising. During this time it has (so far) held several prior bottoms and appears to be constructively adding to its extended basing formation. Still like this non momentum play to make some significant gains going forward. Like all cycles its hard to pick the exact spot that the turn will occur but if you buy here and set your stop loss at the $9.93 low, I see a good risk reward play. MACD and RSI starting to look favorable again. Stock is still in the show me phase but with expectations very low any "good news" could put this right back in the channel and on its way back to $16. I believe a lot of the infrastructure here and abroad will need to expand and be redone to usher in the next 10 years of this century and population growth. $1.8 billion dollar market cap. APPL adds ten times that amount to its market cap daily. Just saying.
NYSE:X
by BobbySpa