U.S. Steel Extends Its Rally
U.S. Steel (X) is beginning the week with another solid gain. The stock is surging more than 6% today as it extends its five-day rally to over 20%. Today's gain has pushed shares past a heavy layer of supply near the $22.00 area.
U.S. Steel left a breakdown gap behind back in late May at this level before diving to fresh three-and-a-half-year lows. Last month's highs were capped here as well, along with last week's peak. With this resistance area now convincingly cleared, U.S. Steel may have put in an important bottom this summer....231 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.