WLT 60 min Oct 29th

WLT 60 min Oct 29th

WLT is scheduled to report earnings tomorrow before the open. With this trade up 34% since the entry just two weeks ago & close to the 2nd target, those long might consider whether to hold through earnings or book early profits in order to risk a possible gap against your position. T3 remains the final target for now although additional targets may be added. So far the case for a lasting bottom in WLT & several other of the recently mentioned coal stocks seems to be firming up although it is still too early to say with a high degree of confidence that the latest rally in these names is anything but a dead cat bounce.