A look at United States Steel (NYSE:X)

by Josh United States Steel Corp. ($X) is up on heavier than average volume, last at $18.95 on a volume of 4,594,190 shares. Average daily volume has been at 6,552,245.

United States Steel Corp. ($X) has been in an ascending triangle chart pattern this summer, with shares testing resistance today. Shares saw a very mild pull back in mid and again late August. Technical traders will look for a breakout above the 200 day moving average currently at $19.83. With the 200 day so close to the current consolidation pattern, the 200 day will most likely prove more of a continued catalyst for upside than hard resistance.

52 Week Range $15.80-$26.29 Market Cap 2,747,043,950 Average Volume 6,552,245 Dividend Yield 1.07% Institutional Ownership 63.00% Insider Ownership: 1.30% Percentage of Float Short 28.50% Beta 2.34

United States Steel Corporation is an integrated steel producer of flat-rolled and tubular products with major production operations in North America and Europe.

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