Watch These U.S. Steel Stock Price Levels as Trump Plans to Double Steel Tariffs
Key Takeaways
- U.S. Steel shares will be in the spotlight to start the week after President Donald Trump on Friday said he plans to double steel and aluminum tariffs to 50%.
- The stock staged a decisive breakout above a symmetrical triangle last month, with strong follow-through buying driving the relative strength index into overbought territory.
- A measured move price target, which calculates the distance of the trend in points that preceded the symmetrical triangle and adds that amount to the pattern’s breakout area, forecasts an upside target of $59.75.
- Investors should monitor key support levels on U.S. Steel’s chart around $46, $43 and $36.
U.S. Steel (X) shares will be in the spotlight to start the week after President Donald…
