Thursday, April 05, 2007

Coal Stocks Break Out On Weekly




The coal stocks put in another strong day today.

As you can see in the top chart, the coal index (DJUSCL) has blown right though its 200 day moving average.

In the chart below we have a weekly chart of the coal index. Notice how this index has broken out of a weekly symmetrical triangle which could mean that there is more of a rally coming for these stocks.

Posted by Kevin

Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Money-Making Ideas

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites