Monday, December 17, 2012

Watching X...


Watch US Steel this week. Moves like that from friday usually have follow thru...especially for stocks that have a high 25% short interest . (chart from fridays close).
I would expect the stock to move to $25 in the near term, possibly higher. Any light volume pullback towards its 200day moving average should be monitored closely. If it holds then that would be a good sign for an extension...if not, use that as a sell stop and get out.

No comments:

Post a Comment