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USX-U.S. STEEL GROUP
(X-NYSE):
Technical Viewpoint: From a high
of $26 1/8 on Jun 9, 1999 prices
declined, reaching a
low of $28 1/2
on Jun 17, 1999. A
rally saw prices pull back, reaching a
high of
$25 1/4 on Jun 24, 1999.
Another decline saw prices penetrate
support, closing 7/22/99
at $29.81. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Jul 9, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.00. Resistance: Is at $32.00.
Point & Figure: Reversed to the downside on Jun 30, 1999. A P&F downside
reversal takes place at $28 1/2. Summary: Technical indicators have turned bearish. SELL! USX-U.S. STEEL GROUP
(X-NYSE) @ $30 1/8 Stop: Use a protective stop of $28 5/8.
USX-U.S. STEEL GROUP is currently trading @ $29.81 minus $1 1/8 on Jul 22, 1999. Price Objective:
$42.00. Risk/Reward: $1 1/2 VS. $11 7/8. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$42.00
Risk/Reward:
$1 1/2 VS. $11 7/8
Risk/Reward Ratio:
8:1
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