Strength in U.S. Steel

Today’s strength in United States Steel Corp. (X) has propelled the stock above a 4 1/2 month resistance plateau that also releases the upside potential implied by the intermediate-term base/accumulation pattern.

The ability of X to sustain its gains above 19.50 greatly increases the likelihood of upside continuation towards 20.60-21.00 next, on the way to 22.00 thereafter.