kocurekc

Long Term Buy, might bump against resistance

Long
kocurekc Updated   
NYSE:X   United States Steel Corporation
I like X longer term, on a value basis...Net incomes are now positive, debt is down over the past couple of years (and now looks manageable).

Shorter term looks like a bear trap, unless a China miracle happens, bumping up against the longer term down trend. If it powers through (thank you value investors with a PE ~4), if it pulls back we're watching for a volume based bottom to buy some more for the long term.
Comment:
Comment:
Probably time to turn this one up and around

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.