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UNITED STATES STEEL CORPUNITED STATES STEEL CORPUNITED STATES STEEL CORP

UNITED STATES STEEL CORP

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Reversal trade in US STEEL CorpPITTSBURGH, Oct. 01, 2019 (GLOBE NEWSWIRE) -- United States Steel Corporation (X) ("U. S. Steel") announced today a joint venture partnership agreement under which it has taken the first step towards acquiring Big River Steel ("Big River") through the purchase of a 49.9% ownership interest at a purchase price of approximately $700 million in cash, with a call option to acquire the remaining 50.1% within the next four years. U. S. Steel has committed financing to execute the transaction. The implied enterprise value of Big River, including the expected completion of its Phase II-A expansion, which is fully funded and already under construction, is approximately $2.325 billion. Possible entry level $12 - price target $14.50 - stop loss $11.50 Average analysts price target $11.50 Average analysts recommendation HOLD Short interest 28% P/E ratio 2.1 Company profile 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:XLong
by Bullishcharts
X - End Of Year Buy At $7.50United States Steel Corp or X, I see a strong buy at $7.50 at the end of 2019, with potential $20.00 at least ceiling next year. Example: If you buy ($1000) 133 stocks in X at $7.50 in January and price hits $20.00, your risk/reward will be 1: 1.5 or $2,600. This company should see profits increase, related to China tariffs and an increase in production and factories in the USA. Not bad 160% increase in stock, better than a bank. lol That is a pitchfork indicator over price action and a yearly S1 pivot point at around $7.50 area noted on the chart too. Good Luck & Great Trading.
NYSE:XLong
by Anbat
US STEEL attracting buyers in high volume.Option traders and investors have started to turn a great deal of attention towards US STEEL , it looks to have found a bottom and as sell side volume has declined replaced by dominante buy side. Such high volume buy trades can not be ignored and often represent institutional interest in a stock. For confirmation of the long side wait for some signals such as, 1 histogram to tick green 2 watch for macd bullish cross 3 move above pivot point 4 crossing of 7&12 ma's
NYSE:XLong
by RedHotStocks
“Trade wars are good...” they said.“.... Trade wars are easy to win...” they said. The outcome for $X has been a wipe off of $5B in market cap, marginally breaking even with its previous low levels from 2016 since the so called “trump’s rally”. Currently $X comes from a strong downtrend from its previous high levels around $48 and slamming at its current support in the $15’s. It hit support and bounced, but still in the bearish side, so probably some shorts taking profits, nothing to declare we’re out of the woods yet. I would expect the support to be retested before committing a line here and I would take a more conservative approach. The “Trade talks” will be deferred until September with no sign of advancing and turning into ultimatums rather than negotiations. For this reason I am neutral, and in a wait and see pattern.
NYSE:X
by Madrid
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