X - earnings were fine

Q3 earnings for US Steel (X) were fine, with the stock jumping at the open (intra high $29.33), and settling +7.8% at $27.30. Near term outlook is for some chop. Mid term outlook is bullish, with first soft target of the $31s, and a grander target of the $40 threshold.


X daily

X monthly

Summary

First, see: https://www.ussteel.com/investors/reports-filings

Especially: https://www.ussteel.com/sites/default/files/reports_filings/USS%20Earnings%20Call%20Slides%2C%20Remarks%20-%202017%203Q.pdf
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Suffice to add, earnings were unquestionably 'reasonable'.

Technically, today's settling black-fail dual-spiky daily candle is messy, as the stock is trapped within multiple price thresholds.

To be clear, short term price action could be pretty choppy, and lean weak. Mid term looks fine though, and US Steel's Q3 was in stark contrast to AK Steel (AKS).