United States Steel Corporation : European economics’ datas weigh on stock.
Entry price | Target | Stop-loss | Potential |
---|
$31.29 |
$0 |
$32.3 |
+100% |
---|
United States Steel Corporation is an integrated steel producer flat-rolled and tubular products with production operations in North America and Europe. The company uses iron, ore and coke as primary raw materials for steel production.
The company’s earnings per share 2012 and 2013 are regularly revised downward by analysts polled by Thomson Reuters’ consensus. The annual report released last February, the company recorded a full-year 2011 net loss of $53 million, or $0.37 per diluted share.
Today the share is penalized by European economics’ datas. This trend’s turmoil has set up a double top in daily data. We suggest to take a short position on the stock with a target price of $ 27 and then $ 25. A stop loss at $ 32.3 is necessary in order to cover the position.
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