U.S. Steel (X) Volatility Up as Shares Bounce Off Key Level

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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Dataram (DRAM) call put ratio 1.4 calls to 1 put into SK Hynix plans to raise up to $29B
• Cboe Global Markets (CBOE) call put ratio 3.3 calls to 1 put with a focus on January 540 calls
• MGP Ingredients (MGPI) call put ratio 4 calls to 1 put as share price down 5.8%