United States Steel Corporation (X) “On a long-term technical basis, the stock (X) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 9.25 and 8.24. If the stock breaks down through support at 9.25 then it will probably continue lower to 8.24. The stock has resistance at 10.96 and at 14.56. If the stock breaks up through resistance at 10.96 then it will probably continue higher to 14.56. The 200-day moving average is at 7.88. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 9.25 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (81.90).”

United States Steel Corporation (X) “On a long-term technical basis, the stock (X) is trading below its 200-day moving average which implies it is in a negative trend.

The stock has support at 12.66 and 12.02. If the stock breaks down through support at 12.66 then it will probably continue lower to 12.02. The stock has resistance at 13.18 and at 14.03. If the stock breaks up through resistance at 13.18 then it will probably continue higher to 14.03. The 200-day moving average is at 14.77. This will also act as resistance. The stock is slightly overbought according to the Stochastic Indicator (73.03).”