U.S. Steel Getting Back on Track?

Earlier today we highlighted how even after its 25% rally in response to Barack Obama's proposed infrastructure stimulus plan, US Steel still had a P/E ratio of only 2.02. Today the stock is continuing higher with an additional gain of 9%.

Now that the stock has rallied 45% in three days, however, it is within spitting distance of its 50-day moving average, which is likely to act as a speed bump in the days ahead.

click to enlarge

Comments

[k45:]

Just yesterday I was looking at X since I had noticed the low P/E.

Over the last 30 years, X has returned a total of 67% (that's total for 30 years, not 67% per year). Nucor has returned 16,000% over that same period.

2008 Dec 10 09:10 AM