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X - United States Steel Corp

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

  1. StockJock-e

    StockJock-e Brew Master
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    I like the look of that chart, putting it on my watch list.
     
  2. Jack Levy

    Jack Levy Well-Known Member

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    I have a feeling the conference call will be good today. Most institutions wait until cc finishes to start buying. Could see $30 today.
     
    Charles Noble and fidelgeorge like this.
  3. LloydWCoutee

    LloydWCoutee Active Member

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    they beat on revenues thats what counts.eps will follow
     
    StockJock-e likes this.
  4. StockJock-e

    StockJock-e Brew Master
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    Looks like a good move in the making!
     
    OldFart likes this.
  5. fidelgeorge

    fidelgeorge Well-Known Member

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    Wish I could buy right now. Saudi Arabia is going to push oil through the roof ahead of Aramco IPO —> more US drilling next year
     
    Jack Levy and Charles Noble like this.
  6. MiguelHammond10

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    Wish I could buy right now. Saudi Arabia is going to push oil thru the roof ahead of Aramco IPO —> more US drilling next year
     
  7. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    ^ Really guys....
     
  8. StockJock-e

    StockJock-e Brew Master
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    We think its probably a bot at this point :D
     
  9. StockJock-e

    StockJock-e Brew Master
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    US Steel pretty much in gap fill territory here

    [​IMG]
     
  10. OldFart

    OldFart Well-Known Member

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    Symbol:X 12/08/2017 30.00 C
    Security Description: UNITED STATES STEEL 12/08/2017 $30 Call

    Action: BOUGHT
    Type:
    Margin
    Trade Date: 12/01/17
    Settle Date: 12/04/17

    in $0.27
    out $0.73
    :)

    left some on the table, but can't argue with profit
     
    rg7803 and AverageJoesTrades like this.
  11. OldFart

    OldFart Well-Known Member

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    $3 ITM now...wow...insane move
     
    Onepoint272 likes this.
  12. rg7803

    rg7803 Active Member

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    GO GO ....steel GO ;)!
     
    OldFart likes this.
  13. OldFart

    OldFart Well-Known Member

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    and another crazy move...must be really counting on that tax bill to be passed
     
  14. StockJock-e

    StockJock-e Brew Master
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    Sell off?

    What sell off?

    Back to new highs! :D
     
  15. Elliottwave-Forecast.com

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    United States Steel Corporation $X Daily Elliott Wave View

    United States Steel Corporation (NYSE: X) is the second largest steel domestic producer behind Nucor Corporation (NYSE: NUE) and also the world’s 24th largest steel producer.

    Last year, Steel price surged higher reaching new all time high of 4772 in December gaining +60% before a correction took place. The price is expected keep rising in the coming years as the demand for steel in critical industries keeps increasing.

    [​IMG]

    The world global steel production growth rate increased by 5.3% which is one of the major factors helping the related companies to continue its growth.

    [​IMG]



    During this month, the United States Steel Corporation stock X price surged 30% breaking above 2017 peak as the move accelerated after the U.S. Department of Commerce recommended metal import tariffs for the federal government.

    The current Elliott Wave count for the stock is suggesting a double three structure taking place from January 2016 low and it’s also showing an incomplete 5 swing bullish sequence from May 2017 low. Both bullish cycles have a target around equal legs area $53 -$62 and as long as the stock remain above the recent February low $30.9 then it should continue it’s move to the upside.

    X Daily Chart 2.27.2018
    [​IMG]

    Last year, despite X loosing more than 50% during the correction lower , we expected the stock to remain supported and continue the rally similar to the one from 2016 low as the commodity sector has ended a multi-year correction from 2011 peak.

    X Weekly Chart 24.6.2018
    [​IMG]

    The current expected move higher in X will be supported by the fact that the Dow Jones Iron & Steel Index DJUSST is also sharing the same bullish sequence from 2016 low and both instrument should be rallying together during 2018 before reaching the target higher then ending that cycle. Consequently, investors and trader can still look for buying opportunities in any steel stock like X or NUE in 3 , 7 or 11 swings.
     
    Onepoint272 and OldFart like this.
  16. T0rm3nted

    T0rm3nted Moderator
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    Thinking about hopping in this one tomorrow if the market permits. Looks like if the long-term support line holds and the 200MA holds, this could very easily bounce 10% pretty quick to the short-term resistance at $38. That's where I'd sell the first half of my purchase, then hold the rest and see if it can get up to about $46.

    upload_2018-6-25_21-46-3.png
     
    bigbear0083 likes this.
  17. T0rm3nted

    T0rm3nted Moderator
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    Pulled the trigger on it today, in at $34.28. Already up 3% on the position.
     
  18. StockJock-e

    StockJock-e Brew Master
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    Slow and painful drop this past year, but some bounce action off new 52wk lows here.
     
  19. rg7803

    rg7803 Active Member

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    Market already discounting their huge future investments, over 1 Bi at Mon Valley Works.
    Not for expansation, mainly revamping and retrofits, biut a significant number anyway.
     
  20. StockJock-e

    StockJock-e Brew Master
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    Looks like single digits coming?
     

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