jmtbernardo

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

BATS:X   UNITED STATES STL CORP NEW
265 0 0
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 . http://online.wsj.com/article/SB10000872396390444097904577539090700997450.html
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