InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

Coal Stocks On Watch: Nearing Bounce Levels

Coal stocks have been punished all year long. Arch Coal Inc (NYSE:ACI), Patriot Coal Corporation (NYSE:PCX) and James River Coal Company (NASDAQ:JRCC) are all well over 50% off their 2012 highs and making new 52 week lows daily. While most average investors are scared about picking these up, I am beginning to salivate. Every stock has a bounce, the key is finding the appropriate level. To do that, one must watch the key things that would create that bounce. First, oil needs to bounce higher for multiple days, getting back to the $85 or higher area. Next, we need to follow these three stocks and look for reversal days. ... Continue reading here: http://bit.ly/LTRB8h