New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
July 7, 2015
11:11 EDTXIron ore bear market deepens as prices fall below $50 a ton, Bloomberg says
The bear market in iron ore is deepening as cheaper supplies from Australia and Brazil threaten to expand, says Bloomberg. Iron ore prices have dropped to below $50 a ton and have dropped more than 20% from June highs, added Bloomberg. Companies exposed to the iron ore market include Cliffs Natural (CLF), BHP Billiton (BHP) and Vale (VALE). Iron ore prices are also impacting the steel sector including U.S. Steel (X), Nucor (NUE), AK Steel (AKS) and Steel Dynamics (STLD). Reference Link
June 30, 2015
14:34 EDTXIron ore producers slide after Australia cuts price target on the commodity
Shares of iron ore producers are falling after Reuters reported that Australia reduced its 2015 price forecast for iron ore to $54.40 a tonne from $60.40 a tonne. According to Reuters, Australia's current projection on iron ore prices is based on its view that China, the commodity's main market, will produce less steel in 2015 and 2016 as as the seaborne supply of iron ore increases. PRICE ACTION: Cliffs Natural Resources (CLF) is down over 10%, BHP Billiton (BHP) is lower by 2.3%, and Vale (VALE) is down 4% in afternoon trading. Steel stocks, including United States Steel (X), AK Steel Holding (AKS), and Nuco (NUE) are also sliding in afternoon trading.
June 25, 2015
10:42 EDTXU.S. Steel June weekly calls active
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use