Today’s Chart of the Day discusses United States Steel Corporation (NYSE: X) and the recent warnings from the Industrial Goods sector. A continuation rising wedge chart outlines the possibility of more warnings from this sector & a sell-off with this stock. Indicators are pointing to a great short opportunity based on the current levels.
Chart of the Day – How to Play Steel in this Market
Article printed from InvestorPlace Media, http://www.investorplace.com/2010/09/chart-of-the-day-how-to-play-steel-in-this-market/.
©2012 InvestorPlace Media, LLC
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