| Basic Details |
| Stock: |
US Steel |
| Symbol: |
X |
| Current Price: |
$56.86 |
| Current Trend: |
upside breakout |
| Recommended Action: |
prepare to lock in profits |
| Price Target: |
$target met above 56 |
| Other Details: |
12-27-09 Pro17 indicates upside target exceeded(42-56.86)35% profit. There is continued upside momentum with potential to the 70-80 range. Buy at the 50 range on short term pull back. The stock is in an upside breakout formation with nothing to stop it at this stage of the cycle.
12-14-09 Pro17 indicates upside target met above 48.50 today. POsition is up 16%. Prepare to lock in profits. There is resistance at the 50 range. The stock is now position is now positioned to breakout to the 60-80 range over the next 3-6 cycles. Prepare to make a new decision.
11-18-09 Pro17 indicates continued upside pressure. STock has broken through short term resistance and position for break out to the 46-50 range. Given the chance strong buy is at the 36-39 range.
11-15-09 Pro17 indicates a long term FTF formation at the 34 range. slopes are shifting positive with continued upside to the 42-48 range. Average cost is (34+42)/2=38.
11-1-09 Pro17 indicates downside risk range met at 34 . Long term support is at the 28-32 range. For long term purposes buying a 34 is a good buy. There is continued short term downside risk to the 28-32 range. Buy at discount to the 200 day average of 34. This is a FTS formation with 3-5 more days of downside risk.
10-7-09 Pro17 indicates downside buy target met at the 42 range. Slopes have shifted slightly negative maintains short term downside risk to the 34-38 range.
9-21-09 Pro17 indicates upside breakout target met at 50. All slopes are positive. Buy at 43-45 range. Long term upside is 75-85 range. Buy on this pull back.
9-13-09 Pro17 indicates a FTF formation and the upside target range is entered. All slopes are positive. Stock is positioned for upside breakout to the 50 range.
9-2-09 Pro17 indicates negative cycle is nearly complete. Buy at 36-40 range. A FTF is likely to develop at the 40 range.
8-19-09 Pro17 confirms short term downside result of negative behavior. Stock is consolidating and indicating early signs of a FTF formation. Buy on hard pull back. 32-35 is best buy range and where strong upside support is generating.
8-16-09 Pro17 indicates all slopes are positive. There is a short term negative behavior signal. Buy at 33-37 on hard pull back. It is prudent to protect principal for the next 7-10 days.
7-26-09 Pro17 indicates a long term FTF formation and downside buy target was met at 30. All slopes are shifting positive showing long term upside support to the 50-60 range. The short play was good for 6 points or 17%. this is a long behavioral shift to the bullish side. there is long term upside potential to the 100-120 range meaning 1-3 years.
6-30-09 Pro17 indicates a FTS formation with short term downside risk to the 28-30 range. Support is at the 32-33 range. Long term slopes are slowly shifting positive. Utilize strong pull back to reposition. This is a reasonable short, 36 down to the 32 range.
6-17-09 Pro17 indicated upside target met at 42 and closed(30.80-42)36%. A FTS formation is generating short term downside pressure. The down cycle is nearly complete buy at the 32 range given the chance and watch for a FTF formation to develop.
6-8-09 Pro17 indicates a continued positive bias. Buy at the 32-35 range. Slopes are positive.
5-26-09 Pro17 indicates last forecast targets were met (27.39--32) Stock is generating a new buy signal with a mini FTF formation with upside to the 45 range.
5-14-09 Pro17 indicates both sides of the previous forecasts was met and position closed 25-32. The stock is now indicates a FTF formation at 26. there is upside to the 30-32 range and minimal downside to the 23-25 range which is a good buy. (25.20-32)
4-23-09 Pro17 maintains same forecast.
4-21-09 Pro17 indicates a short term FTF formation. There is risk down to 24. Lock in profits on this surge in the 30-34 range. A positive convergence is in place but slopes are shifting slightly negative. There is weakness in the stock.
4-6-09 Pro17 indicates the stock is stabilizing at 25. Slopes have shifted positive. Best buy is 22.50 range.
4-1-096 Pro17 indicates position opened today as stock tested the 20 range. Slopes are positive and a positive convergence is forming.
resistance is at the 25-26 range.
3-25-09 Pro17 indicates a positive slope shift. The stock is exhausting and needs to pull back to 20 to generate new buy. There is upside to the 28-30 range but the signal is weakening for the short term.
3-17-09 Pro17 filled on recommendation less than 18. There is continued downside risk so trade quickly.
3-9-09 Pro17 indicates a shift to neutral as a early stage positive convergence is forming. Short position is close. Stock is showing signs of a bottom with upside to the 22 range, which is over 20% upside from here. There is still downside risk and pressure so upside rallies are unsustainable. Short term buy less than 18 sell at 20-22.
3-1-09 Pro17 indicates continued downside pressure. Slopes are negative but the stock is reach maximum divergence from behavioral factor which may be a leading buy indicator. This is not a good time to short, Pro17 is seeking a buy indicator.
2-17-09 Pro17 indicates a negative reversal and a short term sell signal. this is a change in forecast for the short term.
2-12-09 Pro17 is generating a bottom reversal supported by positive slopes. Buy between 28-32.
1-27-09 Pro17 indicates a short term positive convergence and a developing Failure to Fail signal. Beware if the convergence is negative it will drop to 25 quickly. The stock is very sensitive to any change in behavior right now.
1-17-08 Pro17 is indicating a bottom reversal supported by a positive convergence. There is upside to the 36-40 range. |
| Report Graph: |
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