United States Steel Corp. (X) was a big mover last session, as the company saw its shares rise over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $36.83 to $41.41 in the past one-month time frame.
The company has seen 2 positive and 1 negative revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for United States Steel. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.
United States Steel currently sports a Zacks Rank #1 (Strong Buy) with a positive Earnings ESP.
Some other steel producers worth considering include Grupo Simec S.A.B. de C.V. (SIM), TimkenSteel Corporation (TMST) and LB Foster Co. (FSTR). While Grupo Simec and TimkenSteel sport the same Zacks Rank as United States Steel, LB Foster carries a Zacks Rank #2 (Buy).
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