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6 Trades to Double Your Money by the End of Summer

OptionsZone Experts, July 4, 2009 Free Trading Guides

United States Steel (X)

By John Lansing

The steel and iron industry is a strong sector with a lot of bullish potential during this summer. So take a look at United States Steel (X).

Now, X does have to overcome resistance near the $42 level, but I fully expect it can do that sooner rather than later. Think of resistance levels as brick walls. Every time a stock hits the resistance, it takes another chunk out of the wall, so that it's left weakened. All X needs is one good hit to punch its way through.

The best trades in X are the $40 strike calls, whether you choose to play that more conservatively with the September calls, or take on more risk with the August options. My short-term target for X is $50.

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