United States Steel Corporation (X): This Industry Titan Is Poised To Rebound 30%

Other aspects that I find attractive about the company are the facts that its European profitability has hit its highest level since 2010 and that the majority of its 2014 convertible notes have been satisfied.

While there are obvious risks, United States Steel Corporation (NYSE:X) has proved resilient in the worst of times. As the global economy begins to climb out of the doldrums, proven companies like U.S. Steel should go along for thebullish ride higher.

Risks to Consider: Despite U.S. Steel being close to a vertically integrated company, it is still very reliant on raw materials, which exposes it to fluctuations in commodity costs. In addition, the debt load of the company remains quite high, despite some recent positive steps. Other headwinds include the potential for another global slowdown and foreign competition. Always position size properly and maintain a diversified portfolio.

Action to Take –> The current low price and insider buying are clear signals that upside opportunity currently exist in U.S. Steel. However, I would wait for a breakout above technical resistance before entering the investment. My 12-month target is $23.

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