Two Decent Setups

Posted on January 25, 2012 by Stock Trade Journal

US Steel (X) and Freeport McMoran (FCX) have been building bases for a few months and are poised to continue higher. Looking at the charts X offers the most upside potential and a good reward vs. risk setup with a stop below the rising trendline.
Prices are at strong supply leves, so I remain vigilant for false breakouts.

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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