Shares of U.S. Steel (X) surged higher just a few days ago after talk of a $1 trillion infrastructure deal surfaced. The stock had been rallying for some time into that chatter. After that big pop, the U.S. Steel has done nothing but collapse lower. Now down over 25% off the recent highs, investors are looking for where to buy. The U.S. Steel technical chart retrace level is at $7.20. With the current price at $8.20 the buy level could be hit within days. This is a huge technical chart support (as seen in the chart below) as well as a Fibonacci 61.8% retrace from the March 2020 low to the June 2020 highs. Look for the stock to bottom here and begin to turn higher again.
A net gain of +1048.38% through June 18th, 2020 is a reality for members of Verified Investing Alerts. For investors who want to maximize profits to an insane degree during the COVID-19 pandemic, swing trading technical chart setups using the PPT Methodology is easy and profitable. Swing trading using these methods allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks, using key technical levels for multiple profits of 10% almost every day (yesterday 3 winners of over 10% each). With the action in the equity markets, members are getting multiple trades a day (on average). See the VERIFIED track record HERE (scroll down on the page). Gareth consults for hedge funds but still helps average investors swing trade. Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. See the U.S. Steel Technical Chart target buy below.