I issued a buy alert to members on Wednesday when United States Steel Corporation (NYSE:X) briefly went below $21. We grabbed it at $20.96 based on a monster support-gap fill. U.S. Steel has dropped from the $42 range, which represents a 50% fall in the last four months.
I issued the buy alert because the stock is extremely oversold while flashing major support. I expect a sharp bounce in the coming days and weeks. The max upside is $28 for patient investors but I will most likely sell when it hits the recent gap window of $24.25.
I love technical trade setups like this.
