NoFomoCharts

X (United States Steel) - Bearish Double Top & Momentum - Daily

Short
NYSE:X   United States Steel Corporation
X ( United States Steel Corporation) stock price has double-topped below $38.57. Bearish momentum ( MACD ) has down-crossed on a daily time frame.

Entry (short): $37.25
Profit Target +12% (exit): $32.76
Stop Loss -6% (exit): $39.49

Utilize stop loss, profit targets, position sizing, and risk management.

Note: Many stocks and ETFs have already rallied up for the past two weeks, signs of price potentially topping out have formed.
XLB (Materials sector ETF ) price has also reached a Resistance Zone and could possibly pull back to the downside.



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