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.

blog comments powered by Disqus