Friday, January 8, 2010

X (United States Steel Corporation)- UPDATE

Currently overbought, daily RSI >80 and weekly > 70. STO is way too high.

Short at 64-65 with STOP at 65.5. If it breaks above 65, the next target is 69-70.

Exit target of 58-60

Long term, I think X will go to 75-80

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