After a scorching 35% rally in just three weeks, United States Steel (NYSE: X) is sitting at levels not seen since 2010. Powered by a wave of trade protectionist sentiment and renewed optimism over a $14 billion acquisition bid from Japan’s Nippon Steel, the industrial giant is suddenly in the spotlight.
But with the stock trading just shy of the proposed buyout price, and the political winds still swirling, investors are asking the million-dollar question: Is there still upside left, or has the rally run its course?
