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PCX long: long sideways range but recent relative strenght

May 09, 2011 9:14 AM ETPCXCQ
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PCX: On a wide sideways range for all year, lately it's showing some relative strenght vs the other coal stocks.
It's bouncing on April low support and had a couple of gaps up. And it should benefit from an oil bounce
PCX long: buy stop 24.04, stop loss 23.83, target 25.95
Charts and position management on www.winningstocktrader.com/trades-blog.html

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