United States Steel Corporation (NYSE:X) jumped on Monday and is setting up for a great day on Tuesday. After announcing a $0.05 dividend, the stock is in a perfect spot to continue its run higher. In addition, Donald Trump will be giving a speech Tuesday night where he will likely talk up buying American produced steal. When looking at the stock chart, all signals point to continued upside through $40 to a high between $45 and $47. This was the high from 2014 and will be significant resistance. Only at this point should investors consider selling the stock.
United States Steel Corporation likely to trader higher