U.S. Steel on the Move with China
Let's notice that just recently the Shanghai Composite (SHCOMP) has climbed, and apparently sustained, above its up-turning 200-Day EMA, while only U.S. Steel (X) has managed a similar feat so far.
That said, during 2013 China as well as U.S. Steel, Joy Global, Inc. (JOY), and Cliffs Natural Resources Inc. (CLF) all appear to be "in the up-turn stages" of their respective multi-month base patterns, which likely is a reflection of the emergence of the Chinese economy from its period of retrenchment.
Finally, U.S. Steel exhibits the most bullish technical potential, if only because it has climbed above its flattening 200-day EMA (19.59), consolidated above it, and is accelerating to the upside from the EMA.
U.S. Steel has as its next challenge the down trendline off of its March 2012 high, which currently cuts across the price axis at 21.70.