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Bottom fishers in the beaten down coal sector might be interested to know the carts of several...

Bottom fishers in the beaten down coal sector might be interested to know the carts of several of the names are forming a very bullish inverse head and shoulder pattern, according to UpsideTrader. At this point, WLT, ANR, ACI, and BTU all seem to be finishing out the formation, so a bit more time is necessary to validate the move.
Comments (4)
  • Doc 224899
    , contributor
    Comments (932) | Send Message
     
    A good bet on coal would be rail companies.
    5 Oct 2012, 01:32 PM Reply Like
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    Ditto that.
    5 Oct 2012, 01:33 PM Reply Like
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    I'm playing with put sales on BTU.

     

    Either I buy it on the cheap or I'll make a few bucks following it up for a while.
    5 Oct 2012, 01:37 PM Reply Like
  • kevinmoran8
    , contributor
    Comments (11) | Send Message
     
    i like the trade on anr going into earnings
    9 Oct 2012, 12:55 PM Reply Like
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