Chart of the Day – How to Play Steel in this Market

by John Lansing | September 15, 2010 2:46 pm

Today’s Chart of the Day discusses United States Steel Corporation (NYSE: X[1]

) 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.

Source URL: https://investorplace.com/2010/09/chart-of-the-day-how-to-play-steel-in-this-market/

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