US Steel (X) Offering Possible 41.24% Return Over the Next 28 Calendar Days

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US Steel’s most recent trend suggests a bullish bias. One trading opportunity on US Steel is a Bull Put Spread using a strike $21.00 short put and a strike $16.00 long put offers a potential 41.24% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $21.00 by expiration. The full premium credit of $1.46 would be kept by the premium seller. The risk of $3.54 would be incurred if the stock dropped below the $16.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for US Steel is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for US Steel is bullish.

The RSI indicator is at 65.25 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for US Steel

U.S. Steel (X) Ups Q1 Earnings View on Healthy Demand & Prices
Tue, 16 Mar 2021 16:44:04 +0000
U.S. Steel’s (X) adjusted earnings per share are expected to be $1.02 for the first quarter of 2021, up from 61 cents mentioned earlier.

IPOs Raise $102 Billion in 2021, and Two More Numbers to Know
Tue, 16 Mar 2021 09:00:00 +0000
The U.S. is in the middle of the biggest IPO boom since the dot-com bubble. Plus, stocks in steel and diagnostics are on the rise.

U. S. Steel Congratulates Eugene B. Sperling on His Appointment to Biden Administration
Mon, 15 Mar 2021 20:08:00 +0000
United States Steel Corporation (NYSE: X) congratulated Eugene B. Sperling for his appointment to the Biden Administration, and thanked him for his contributions as a member of the company’s Board of Directors.

Is United States Steel (X) Outperforming Other Basic Materials Stocks This Year?
Mon, 15 Mar 2021 15:30:03 +0000
Is (X) Outperforming Other Basic Materials Stocks This Year?

Here’s Why BofA Raised US Steel Target By 50%
Mon, 15 Mar 2021 14:59:10 +0000
United States Steel Corporation (NYSE: X) guided to Q1 EBITDA above the consensus estimate, but two-thirds of its sales are on contract, which limits near-term upside potential from record high hot rolled coil (HRC) prices, according to BofA Securities. The US Steel Analyst: Timna Tanners reiterated an Underperform rating for U.S. Steel, while raising the price target from $8 to $12. The US Steel Thesis: Management guided first-quarter adjusted EBITDA at $540 million, versus the consensus estimate of $522 million, Tanners said in the note. “Mgmt guided to significantly higher flat rolled EBITDA q/q, noting cost benefits from its Gary #4 restart with negligible weather hit at Big River Steel,” she added. “Europe was said to be exceeding initial flat q/q expectations, tempering rising raw material costs and lower auto demand from semiconductor shortages,” the analyst wrote. Tanners further stated that she expects the company’s second-quarter performance to improve further due to “extended lead times.” She noted, however, that “by the time U.S. Steel has more to sell in the spot market, we expect prices to be lower.” X Price Action: Shares of U.S. Steel had declined by 2.63% to $23.52 at the time of publication Monday. (Photo: U.S. Steel) Latest Ratings for X DateFirmActionFromTo Mar 2021Argus ResearchDowngradesBuyHold Mar 2021Morgan StanleyMaintainsEqual-Weight Feb 2021Morgan StanleyMaintainsEqual-Weight View More Analyst Ratings for X View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaWhy The British American Tobacco Investment In OrganiGram Is ImportantPower Tools and Stimulus Fuels Stanley Black & Decker Upgrade© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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