U,S. Steel has rallied back to a long-term trendline that could yield a major breakout in reaction to infrastructure legislation or steel tariffs.
Industrial metals plays rocketed to new highs in December but are now overbought, raising the odds for multi-week pullbacks.
Normal profit is an economic condition occurring when the difference between a firm’s total revenue and total cost is equal to zero.
A Steel Dynamics breakout to an all-time high raises odds that other U.S. steel and metal companies will follow suit in the coming months.
U.S. Steel shares are trading above the 200-day EMA, but a longer-term recovery may not be in the cards.
After a wild ride, U.S. Steel stock has room to run higher.
Industrial metal stocks have turned higher this week following brutal declines and may have posted long-term bottoms.
U.S. Steel has reached deep support and oversold technical readings, raising odds for a multi-week recovery wave.
Stocks that rallied following Trump's election have suffered lately.
U.S. Steel has reached major support after a 2-month decline and should reward dip buyers with a sizable oversold bounce.