Short Scalp: US Steel (X 86.53) Extreme overbought condition suggests downward correction

Rationale: After hugging the upper bollinger band for days and maintaining a level above its 5 day EMA (12 days) , US Steel (X) looks poised to correct downward at these levels. Look for a pullback below the 5 day EMA(85.47) with a price target to the 20 day EMA (79-80) area.

Target: 79-80 area ( 20 day EMA)

Stop: 88.75 ( above Feb 7th high)