Thursday, May 28, 2009

Today's Trade: PCX

I entered 400 shares of PCX at an average price of $8.66.  My stop is around $7.40 and my initial target is $10.50.  This gives me a 2:1 reward to risk ratio.  

As noted in the blog and report last night, the coal sector looks great and PCX shows strong accumulation and a bull flag setup.

Those looking to enter can do so at this level or better yet, on a slight dip.

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