This is a reversal of the price action on the previous day, in which price moved down.
Adjusted net earnings was $964 million, or $3.37 per diluted share.
Steel (x) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
This is the 2nd day in a row x has seen its price head down.
If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
It’s been a feast for bears operating on an hourly timeframe, as x has now gone down 5 of the past 5 hours.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
NYSEARCA:VWO, NYSEARCA:SPY, NYSEARCA:EWZ, NYSEARCA:EWW, NYSEARCA:BRF, NYSE:X, NASDAQ:INTC, NASDAQ:DELL, NYSE:HPQ
NYSEARCA:JJC, NYSE:PLC, NYSE:WY, NYSE:MT, NYSE:X, NYSE:SCCO, NYSE:FCX, NASDAQ:WOOD, NYSEARCA:CUT, NASDAQ:PSTL, NYSEARCA:SLX
NYSEARCA:SLX, NYSE:NUE, NYSE:X, NYSE:TX, NYSE:MTL, NYSE:TKR