On Wednesday, I posted my most recent “Costanza” watchlist.
Fourteen of the ninteen stocks have recently reversed in the last two days and a few are starting to get profitable now. Fancy that.
If you’ve been following the PnF charts, trading based off a long tail down pattern has been like shooting fish in a barrel. Buy on a break above the the 3-box reversal. To wit:
Arch Coal, Inc. [[ACI]] , @ $38
Alpha Natural Resources, Inc. [[ANR]] , @ $66
CF Industries Holdings, Inc. [[CF]] , @ $112
CONSOL Energy Inc. [[CNX]] , @ $50
Energy Conversion Devices, Inc. [[ENER]] , @ $56
Eni S.p.A. (ADR) [[E]] , @ $59
Flowserve Corporation [[FLS]] , @ $98
GMX Resources Inc. [[GMXR]] , @ $48
Joy Global Inc. [[JOYG]] , @ $46
[[KOL]] , @ $35
Massey Energy Company [[MEE]] , @ $42
The Mosaic Company [[MOS]] , @ $80
National-Oilwell Varco, Inc. [[NOV]] , @ $56
Patriot Coal Corporation [[PCX]] , @ $36
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