Unusual Trading Activity for United States Steel (X)

Posted on 04/10/2012 by Norm Sorkin

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NEW YORK (AVAFIN) -- United States Steel options established a new 90-day record for traded call and put contracts. A total of 41,145 put and 20,449 call contracts were traded raising a 2.01 put/call ratio on shares of X

Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of investor behavior. A high put/call ratio suggests that the investor sentiment is bearish and that investors expect the underlying stock to decrease in value. In contrast, a low put/call ratio suggests that the investor sentiment is bullish and that the underlying stock is expected to increase in value. Unusual volume provides reliable clues that the stock is expected to make a move.

Shares of X opened today at $27.38 and settled the day down $0.71 to $26.72 during the session. The day's trading range is between $26.39 and $27.85 respectively. Performance indicators show that the stock has lost -11.70% within the last week. On the volume side, 10M shares were traded which is less than the average volume of 11M shares. United States Steel is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $18.85 and 52 week high is $53.82.



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