Company Description: United States Steel Corporation, through its subsidiaries, engages in the production and sale of steel products primarily in North America and Europe. The company operates through three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-rolled Products segment offers slabs, sheets, tin mill products, and strip mill plates and rounds. This segment serves service center, conversion, transportation, construction, container, and appliance and electrical markets in North America. It also produces iron ore pellets and coke. The USSE segment offers sheet, strip mill plate, tin mill and tubular products, and heating radiators and refractories in Europe. This segment serves construction, service center, conversion, container, transportation, appliance and electrical, oil and gas, and petrochemical industries. The Tabular Products segment offers seamless and electric resistance welded tubular products to oil and gas and petrochemical industries. United States Steel also provides transportation services, including railroad and barge operations; and engineering and consulting services to mining and mineral industries. The company also owns, develops, and manages various real estate assets, which include approximately 200,000 acres of surface rights primarily in Alabama, Illinois, Maryland, Michigan, Minnesota, and Pennsylvania. It also holds joint venture interest in various developing real estate projects in Alabama and Maryland; and owns approximately 4,000 acres of land in Ontario, Canada. United States Steel was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania..

Our Analysis: The shares of US Steel Corp. 'X' recently closed above a pair of key upside resistance levels on heavier than normal volume and in the process completed a "cup pattern" with a measured move to our upper price target. I am expecting the shares of 'X' to continue to move higher and test $63.50/share, the point from which they gapped lower on the open of trading on October 6th of last year. On a slightly longer term basis I am expecting the shares of 'X' to continue to move higher and test $67.36/share, the measured move from the "cup pattern" that was recently completed. I see downside support on the shares of 'X' @ $41.83 and have set my stops accordingly at $41.41/share.