US Steel Stock Surges Forming Golden Cross, Does Billionaire Investment In X Signal More Upside?

Group 1 - United States Steel Corp (X) has experienced an 8.35% gain over the past five days and formed a Golden Cross, indicating strong bullish momentum [1] - The stock is trading above its key moving averages, suggesting continued upside potential as traders monitor resistance levels [1][5] - JPMorgan analyst Bill Peterson maintains an Overweight rating on X stock with a price target of $43, citing Q1 EBITDA guidance of$125 million in line with estimates [2][3] Group 2 - Challenges for the company include lagged pricing impacts, weak European demand, and start-up costs for the BRS2 expansion [3] - The uncertainty surrounding the Nippon Steel Corp merger could create a dip-buying opportunity if regulatory setbacks occur, with valuation support above $40 per share [3] - Hedge fund manager Stanley Druckenmiller has increased his stake in US Steel by 143$41.06, significantly above its short-term moving averages, which are $39.51 (8-day SMA),$38.42 (20-day SMA), and $37.56 (50-day SMA) [5] - The 200-day SMA of$37.40 is also far behind, reinforcing the technical strength of the stock [5]