kevintinkle

X - High Return on Risk Setup

Short
BATS:X   United States Steel Corporation
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The 25 level is an important one for X. I am short with a stop at 25. A close with strength above 25 will shift me from short to long.

I think it will have to test 25 a few times before breaking above. This could give good opportunities to trade it between 22-25.

Comments

Closed out on 12/31 after it broke above prior days high.
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I've got .50 risk in pos. Targets are 22.75, 22, and 19. 2-3 month time frame.
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