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X - United States Steel Corp

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Mar 31, 2016.

  1. bigbear0083

    bigbear0083 Content Manager
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    [​IMG]

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    The United States Steel Corporation (X) (NYSE: X), more commonly known as U.S. Steel, is an American integrated steel producer with major production operations in the United States, Canada, and Central Europe. The company was the world's 15th largest steel producer in 2014.

    The company was renamed USX Corporation in 1986 and back to United States Steel Corporation in 2001 when the company spun off the oil & gas business of Marathon Oil and the steel business of U. S. Steel to shareholders. In 2001 it was still the largest domestically owned integrated steel producer in the United States, although it produced only slightly more steel than it did in 1902, after significant downsizing in the 1980s.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Up over 6% and appears to be breaking through recent resistance.
     
  3. StockJock-e

    StockJock-e Brew Master
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    Breaking out!

    Nice consolidation around 16 and now a +7% move today.

    Whats moving this? Technical move?

    Im not seeing any fancy news.
     
  4. T0rm3nted

    T0rm3nted Moderator
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    Reported after close today (4/26/16)
    Earnings: EPS -$2.15 Revenue $2.34B
    Estimates: EPS -$1.29 Revenue $2.53B
     
  5. PJCM3

    PJCM3 Member

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    Decided to pick up some X today.
    Read this in an article "U.S. Steel (X) gained more than 3% to 14.84 but is still deep within a bottoming base. In a bottoming base, a stock has made an extremely deep decline, usually 50% to 80% or more off its high, but is starting to show signs of bottoming out while forming a base that presents an opportunity for stock to break out to 52-week highs. Numerous bottoming bases formed within the tech sector in the aftermath of the 2000-2002 dot-com crash."
    I figured its worth it to see if it will try and break out with the news of the US imposing tariffs on foreign steel. I believe this will in turn show boosted revenue for US steel in the future. Not sure how long I plan on holding this just yet. In @ 14.70
     
    T0rm3nted likes this.
  6. StockJock-e

    StockJock-e Brew Master
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    Damn! This took off today too!

    Is steel so hot right now?
     
  7. T0rm3nted

    T0rm3nted Moderator
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    I almost entered into X a week or two ago but it never hit my entry price :(
     
  8. StockJock-e

    StockJock-e Brew Master
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    Well, turn that chart upside down and start looking for that short!
     
  9. StockJock-e

    StockJock-e Brew Master
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    Come on, no steel is a steal jokes?
     
  10. PJCM3

    PJCM3 Member

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    And to think I owned steal at 13.64 originally, sold, bought back in at 14.70 and sold yesterday for a nice gain. If only i held at 13.64!!!:(
     
  11. StockJock-e

    StockJock-e Brew Master
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    This past week was a crazy ride!

    +7% here
     
  12. Journeyman98

    Journeyman98 New Member

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    Very tempted to buy some
     
  13. rg7803

    rg7803 Active Member

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    In tech terms this stock is a beauty. Text book exemples here.
    Just check:

    x.png
     
    T0rm3nted likes this.
  14. PJCM3

    PJCM3 Member

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    Repeatedly testing resistance here. Hit a new high last 3 days. Only 5 cents away from making new 52 week high from august 10th,2015. Looking for a breakout if this happens. Earnings coming up on the 26th.
     
    #14 PJCM3, Jul 14, 2016
    Last edited: Jul 14, 2016
  15. PJCM3

    PJCM3 Member

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    Looks like a new 52 week high. Just broke 21.50
     
  16. PJCM3

    PJCM3 Member

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    New high of 23.13. Earnings after the bell tonight!
     
  17. T0rm3nted

    T0rm3nted Moderator
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    Reported after close today (7/26/16)
    Earnings: EPS -$0.31 Revenue $2.58B
    Estimates: EPS -$0.49 Revenue $2.67B

    Up 2.66% after hours
     
  18. StockJock-e

    StockJock-e Brew Master
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    Amazing pop higher today!

    This is an unusually strong gap up for a stock like X!

    Congrats longs!
     
  19. rg7803

    rg7803 Active Member

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    oh boy steel must be in fire, back in usa!!!
     
    OldFart likes this.
  20. Tiptopptrader

    Tiptopptrader Well-Known Member

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    X up on no news

    upload_2016-10-20_9-4-23.png
     

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