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ITMS

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ITMS

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Thursday, 03/29/2012 10:41:42 AM

Thursday, March 29, 2012 10:41:42 AM

Post# of 784
Steel Could Continue To Melt


This morning, most of the leading steel stocks are trading slightly lower on the session. The important steel sector has been declining since March 19, 2012. The sector still looks as if it can have further downside in the near term before any meaningful bounce can take place. The leading steel stock that most traders follow is U.S. Steel Corp (NYSE:X). Today, the stock is trading lower by 0.41 cents to $28.42 a share. This stock will have some daily chart support around the $27.50, and $26.00 levels. Short term traders can watch for intra-day support around the $28.00, and $27.50 levels. ...Continue reading here: http://bit.ly/HrHm9g
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