Shares of United States Steel Corporation (NYSE:X)

Shares of United States Steel Corporation (NYSE:X) have a bearish head and shoulder pattern formation on the daily stock chart. In addition, other bearish signals are everywhere as the stock is lower on a strong rally day in the market. Once the 'breakdown line' is taken out to the downside, United States Steel Corporation will fall sharply to a final target of $21.00. This would be a whopping collapse of 37%. Investors should be watching for the break of the trend line to jump on the short side or buy puts with an expiration three months out. Truly a scary chart because of the magnitude of the fall.

Stock chart bearish sell pattern on United States Steel Corp

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