Thursday, August 13, 2009

IN THE HUDDLE-Technical Analysis Update










Stock update: MEE





The coals are poised for a breakout. MEE in particular, although we did see BTU make a valiant effort to be the gorilla. This is a daily chart of MEE going into today's trading. (It does NOT include today). Look at it consolidating for 7 days with similar highs and lows.




Today we had the breakout and closed on its high with above average volume. KEEP ON RADAR. BTU looks identical.








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