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%.

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.

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.