United States Steel Corporation : European economics’ datas weigh on stock.
By Oscar Salza
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$31.29 | $0 | $32.3 | +100% |
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.