US Steel $X is Weak on a Near Term Basis, Illustrated in Charts

Long Term Trading Plans for X

May 22, 2018, 2:28 pm ET

The technical Summary and associated Trading Plans for X listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for X. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.

X - (Long) Support Plan

Buy over 32.07 target 40.88 stop loss @ 31.81.
The technical summary data tells us to buy X near 32.07 with an upside target of 40.88. This data also tells us to set a stop loss @ 31.81 to protect against excessive loss in case the stock begins to move against the trade. 32.07 is the first level of support below 36.18 , and by rule, any test of support is a buy signal. In this case, support 32.07 would be being tested, so a buy signal would exist.

X - (Short) Resistance Plan

Short under 40.88 target 32.07 stop loss @ 41.14.
The technical summary data is suggesting a short of X as it gets near 40.88 with a downside target of 32.07. We should have a stop loss in place at 41.14 though. 40.88 is the first level of resistance above 36.18, and by rule, any test of resistance is a short signal. In this case, if resistance 40.88 is being tested, so a short signal would exist.

Blue = Current Price
Red= Resistance
Green = Support

Fundamental Charts for X:

• X EPS Analysis
• X Revenue Chart
• X Dividend Chart
• X Stock chart
• X Growth rate - Quarterly
• X Growth rate - Yearly
• X PE chart
• X PEG chart