US Steel next major resistance is at the 50-day moving average
Despite the weaker dollar and higher industrial metals prices, steel makers have lagged the rally. Several of these names are still trading under their 50-day moving averages. For US Steel (X), the 50-day appears to be the next big resistance level on the chart at $42.63. It would be bullish if the shares can break out above this resistance line. :theflyonthewall.com
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The following stocks were the top percentage losers before the open on solid volume of at least 50,000 shares, trading at over $10. CAT (5.2%), PLCM (5%), X (1.7%), ARCC (1.2%), ASML (1.1%). :theflyonthewall.com
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