|Day Low/High||8.48 / 8.78|
|52 Wk Low/High||4.54 / 15.90|
Petrobras is a strong bottom bouncer with $14 actually a possibility.
The stock is stumbling further after a downgrade -- but downside momentum should soon exhaust itself.
Dan Passarelli talks about a trade in US Steel (X). This stock has been in somewhat of a range and a time spread is an excellent play.
I am setting up an options play in U.S. Steel and also adding to my Twitter position.
Given these developing formations, here's how I'd look to play the stock.