Hap (Robert) Sneddon FCSI
AOL Inc.
AOL-N
COMMENT
Nov 14, 2013
This is above its breakout range of $40. On a one-year view, it looks really good. He kind of expects this to come back to $40-$41. You could Buy now hoping that it is going to turn up, but you are going to have a lot of volatility. On the other hand, you could buy a half position now, see it come back, and then buy the other half.
Normally coal does very well in the springtime from January through until May. This year, not so much. Technicals are still not too good. Remember the technical requirements. 1) Has to be in an upward trend, 2) has to be outperforming the markets and 3) trade well above its 20 day moving average.
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This is above its breakout range of $40. On a one-year view, it looks really good. He kind of expects this to come back to $40-$41. You could Buy now hoping that it is going to turn up, but you are going to have a lot of volatility. On the other hand, you could buy a half position now, see it come back, and then buy the other half.