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Stock Market & Financial Investment News

News Breaks
December 14, 2012
14:03 EDTXU.S. Steel breaks out above resistance, new bullish pattern active
The shares are up over 6.3%, breaking out above resistance. Strength today has been attributed to takeover rumors that are unconfirmed. On a technical basis, there is a new bullish price pattern, a bullish symmetrical triangle, that is now active and best visible on a weekly chart. If this pattern remains active and completes, upside could be to the $29 to $30 area over time. This is an area of some resistance from earlier this year. Support is at $23.55.
News For X From The Last 14 Days
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March 3, 2015
10:01 EDTXOn The Fly: Analyst Downgrade Summary
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06:20 EDTXU.S. Steel downgraded to Neutral from Buy at Nomura
Nomura believes U.S dollar strength and cost curve deflation driven by lower raw material prices and freight rates will continue to alter the global steel landscape. The firm expects continued export pressure by Russia and China into the global market to be highly disruptive, and when combined with further U.S. dollar strength, to pressure the U.S. steel sector. As a result, Nomura downgraded U.S. Steel (X) to Neutral and lowered its price target to $21 from $37.
March 2, 2015
09:23 EDTXBofA/Merrill U.S. metals/mining analysts hold analyst/industry conference call
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