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Patriot Coal Corporation PCX



NYSE:PCX - Post by User

Comment by Libertygon Jul 05, 2012 11:36am
318 Views
Post# 20084574

RE: RE: RE: RE: RE: RE: RE: RE: RE: pcx

RE: RE: RE: RE: RE: RE: RE: RE: RE: pcx

I posted last month on the 4.50/5.25 cap. The downtrend changes those numbers to the 4.00 number now which would be an alert that the downtrend is completing. I think this will take months to see a true break out that is reliable, but a bounce to that cap is very possible. I'll keep posting changes as we progress. Be wise and take some off on these strong moves, holding a core for the long term. Don't be greedy be smart.

Again, a strong break through 4.00 would lend to a bigger bounce and potential break out of the downtrend. 2.80 is the first hurdle then 4.00. EXPECT a re-test or some backfilling to occur, it will happen and if you trim allows you to re purchase trading shares lower. If it continues up your core holdings will serve you well.

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