kickhedge
Long

Is there a bottom in Steel and Copper stocks

NYSE:X   UNITED STATES STEEL CORP
Yesterday we saw a nice reversal in steel stocks. I am looking at this US steel chart the price dropped almost 50% in the past months. Last year we where trading at $42.00 and now we are hovering around the $22.40 level, however the daily chart made a bottoming tail yesterday. This give me the signal we can see some upside in the stock.

If you want to take a closer look at my exit strategy : http://youtu.be/kUdzDn2MFs8
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