Replies to post #1919 on Patriot Coal Corporation (fka PCXCQ)

[AugustaFriends]

PCX possibility of similar Pattern

Okay time to anaylze this - If PCX is following big brother JRCC; then JRCC broke the 20dma hit the 50dma and corrected back to the 20dma.

If PCX is to follow the same pattern then it should get near the 50dma ($3.00) then correct to the 20dma area. (Today it left a GAP around 1.85 and 1.94 -- so if the GAP is to fill then the correction to 20dma is possible.)

http://stockcharts.com/h-sc/ui?s=PCX&p=D&yr=0&mn=2&dy=0&id=p54954694189



http://stockcharts.com/h-sc/ui?s=JRCC&p=D&yr=0&mn=2&dy=0&id=p38590499397