Quick Win By the Algorithm: X

Quick Win by the Algorithm

U.S Steel Corporation (X)

On July 4th 2016, the I Know First algorithm gave a bullish signal of 16.90 for the ticker X, along with a predictability indicator of 0.32. In accordance with the algorithm’s prediction, X experienced an impressive quick win of 18.88%.

Quick Win X

 

United States Steel Corporation (X) is an integrated steel producer. Its larger operations are in the US, Canada, and Europe. The company is headquartered in Pittsburgh, PA.

X Forecast

U.S. Steel Corporation (X) has performed exceptionally well in the past two weeks, following the release of this article by an I Know First analyst. The steel industry has been rebounding recently as a result of trade rulings favoring steel producers. U.S. Steel has also relieved a lot of superfluous staff, which will make them more profitable. The cost of producing steel has decreased and its quality has increased recently. Innovative steps have also made waste-elimination more efficient. Two weeks after this article was published, X rose by 30% as the I Know First algorithm predicted.