ANR daily Aug 19th
ANR (Alpha Natural Resources) has reached the first profit target, T1 at 4.08, for a 13.3% profit. ANR was added directly as an Active Long Trade just over a week ago and has moved up sharply since, allowing the opportunity to either book quick profits here (full or partial) or raise stops to protect profits, for those holding out for the next target. T2 (4.70) remains the final target at this time although additional targets may be added to the ANR trade depending on how the coal stocks trade going forward (see Thurday’s post on ANR for the notes & charts of the coal sector).
I just completed a comprehensive video that covers my three main themes for 2014 & likely heading into 2015 including the gold & silver mining sector, an overview of the US equity markets, and select commodities including the agricultural and the coal sector. The video is currently being processed & uploaded and should be published within the next 30 minutes although I also have a technician en route to repair some issues with my internet connection that could take me off-line for a while today in which case the video will be posted later this afternoon.
FYI- In addition to ANR hitting the first target today, another coal stock trade setup, ACI (Arch Coal) has triggered an entry today. Click here to view the previous notes & live chart on ACI.