U.S. Steel (X) Volatility Up as Shares Bounce Off Key Level
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United States Steel (NYSE: X) is seeing increased movement Thursday as shares remaining notably lower on the session.
Market data has implied volatility for U.S. Steel up 9.4 percent from Wednesday's close.
Shares are down about 6 percent, attributed to U.S. economic data, pressure from Greece and Europe, and also Joy Global trimming its fiscal 2012 outlook earlier. The stock firmed at the $20 level, bouncing after hitting the mark.
Notably, U.S. Steel's 50-day SMA and 200-day DMA are nearly paired at $26.76 and $26.75, respectively.
Market data has implied volatility for U.S. Steel up 9.4 percent from Wednesday's close.
Shares are down about 6 percent, attributed to U.S. economic data, pressure from Greece and Europe, and also Joy Global trimming its fiscal 2012 outlook earlier. The stock firmed at the $20 level, bouncing after hitting the mark.
Notably, U.S. Steel's 50-day SMA and 200-day DMA are nearly paired at $26.76 and $26.75, respectively.
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