U.S. Steel (X)

I mentioned X here on the oversold stocks thread.

X is acting bullish in the last couple days especially today. Big money begins to buy when they show signsof bottom is in place. Volume is very good

X formed a W and broke above middle W now. X finnaly has higher high week candle stick for the time in weeks.
Broke out today.

http://stockcharts.com/charts/gallery.html?x

Look at CLF. Looks very good. It got an upgrade today. Potential buy out here?

http://stockcharts.com/charts/gallery.html?clf


Overall market seems to want to go back up. By definition up 20% from the bottom begins the bull market.
Big money is looking to buy oversold stocks/sectors.
 
Good luck with steel stocks in a depression-like auto market globally (Toyota is cutting production by an astonishing 50%), few skyscrapers being built, and fake stimulus bills that have little infrastructure spending.

Fundamentals ultimately rule.
 
Peers, news on MT?
I know I cutted it from my OPG list but can't remember why.
"Arcelor Mittal announces the successful placement of its EUR 1.1 bln bonds "
 
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