BreakoutTrader: Alpha Natural Resources – At Six-Month Support Levels

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BreakoutTrader: Alpha Natural Resources – At Six-Month Support Levels by BreakoutTrader | This entry was posted on Wednesday, March 7th, 2012 and filed under Stock Market Comments Off

ANR had an intraday low of $15.52 yesterday. The following
chart shows that was near/at six-month low since
10/4.

The hourly chart’s price/volume indicator generated
a possible turning point signal on yesterday’s first
hour. ANR needs to hold the $15.52 low, otherwise,
it may resume the downtrend.

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Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in ANR over the next 72 hours.

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Michael Kudrna

(Wednesday, Jun 12. 2013 2:31 PM)

For MikeC, Missed you in chat. For your stock, 10.50 is key support where I’d draw a line in the sand. Above 11.25 would likely make it run higher on a breakout. Currently it’s consolidating nicely with upside potential, but if it doesn’t break out on the first attempt, look for another pullback towards 10.75 area, above support, to possibly reload your position. Easy money seems to have been made, so keep expectations realistic. Hope that helps.

[reply]

Michael Kudrna

(Wednesday, Jun 5. 2013 9:39 AM)

Still no signs of a strong enough support level in GST to start adding more to the position. Will wait patiently to add, but $2 seems more and more likely as it drifts lower

[reply]

Michael Kudrna

(Tuesday, Jun 4. 2013 10:54 AM)

watching and looking to add another increment in GST around 2.44 as it seems to have found short-term stability

[reply]

Michael Kudrna

(Monday, May 20. 2013 11:10 AM)

Keeping tight position in DEJ until we get confirmation of no short-term dilution from management. As Zacks noted, cash ratio is slightly under what they need to keep financing.

[reply]

Michael Kudrna

(Friday, May 17. 2013 12:56 PM)

Added back to GST and looking for the chart to grind higher. Easy money seems to be made, so keep a close eye on your positions.

[reply]