JRCC our Free Stock Pick for Mon Jan 23rd 2012
Free Stock Pick for Sun January 22nd 2012
by Sinisa Persich, TraderHR.com
by Sinisa Persich, TraderHR.com
Be alerted when Sinisa posts an article
James River Coal (JRCC) is in a descending triangle pattern with a support line near its Friday close in the 6 1/2 area that has held four times since late November.
The stock is down by nearly half from its late October high near 11 1/2, and a break below 6.18 (our suggested sell stop price) should continue the down-trend towards a target of 5.90 to 5.60.
A stop loss of 6.71 would negate the trade.
