Bullish Action in U.S. Steel

U.S. Steel (X) is extending this week's healthy rally -- so much so, that the stock may be in the early stages of an upside breakout. The shares are up over 3% today, pushing the gain from Monday's early lows to above 12%.

The stock is now testing last week's highs after taking out a key short-term trendline. This name has been a tough trade on the long side but conditions for a new rally leg appear quite good now. The stock has some added fuel in the tank as well. With a short interest ratio of nearly 6, the bears will begin to feel the pressure as the stock reaches new highs for the month....206 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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