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United States Steel Corp Surges: Nearing Key Shorting Level

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August 18, 2014 – Comments (0) | RELATED TICKERS: X

United States Steel Corporation (NYSE:X) is jumping sharply higher by almost 5% on the day. It is trading at $38.13 +1.73 (+4.81). This stock has rocketed higher ever since its last earnings report. This report surprised Wall Street and has made shorts cover and institutions buy. While a powerhouse, the stock is coming into a major resistance around $40.00. This level will be a solid shorting opportunity for swing traders.

Gareth Soloway
InTheMoneyStocks.com

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