United States Steel (X): Golden Cross

United States Steel (X) just flashed a golden cross with potential signs for failure.

United States Steel (X)
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Recent outlook from US Steel dissapointed Wall Street.

With the red price bars showing underperformance vs. SPX this golden cross signal might fail.

Usually a golden cross signal you want to see strong outperformance vs. SPX.

Might be a good example to follow.

For Reference

The golden cross (technical formation when the 50-day moving average rises above 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.