X (United States Steel) Holding the last line of defense.

BATS:X   United States Steel Corporation
This support line is extremely important for the bulls to hold. If a breakdown happens expect this stock to go much further down. Also the RSI is indicating strong bearish momentum. Futhermore, acccording to Wall Street Journal this company is being impacted by low demand for steel, and facing intense competition from low-cost foreign producers and top of all that the fragile global economy is impacting this stock since it is an industrial stock.

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