Patriot Coal Corp, Arch Coal Inc.
patriot coal forming a 3 month cup with handle, buy point at $22.10 on 50% higher volume or better pcx is a buy.. stop loss at $20.55. arch coal could be a buy at $26.10,enter 7% stop loss order too.warning aci,pcx must bust through these buy points with higher volume (50%) and use a capital protective stop loss order.(7%) remember you are responsible for your trades.
there are a few problems with aci fundamentals,weak roe,weak earnings, weak profit margin,=trade with caution,same thing with pcx.the best company in this group would be alpha natural resources.anr is shaping up pretty good.the more I look at anr the better I like it. earnings are strong,quaterly and annually,roe is strong,
- jjs777_fzr
- Member
- Posts: 190
- Joined: Wed. Jan. 07, 2009 8:17 pm
- Location: Northshore Massachusetts
- Hand Fed Coal Stove: Penn Coal Stove & Chubby
- Other Heating: CFM Wood Stove & Englander 25-PDVC Pellet Stove
what a difference a year or so makes...
http://www.google.com/finance?client=ob&q=NYSE:PCX
http://www.google.com/finance?q=aci
http://www.google.com/finance?q=NYSE%3AAnr
http://www.google.com/finance?client=ob&q=NYSE:PCX
http://www.google.com/finance?q=aci
http://www.google.com/finance?q=NYSE%3AAnr