NEW BULLISH Plays
Alpha Natural Resources - ANR - close: 10.15 change: +0.55
Stop Loss: 9.39
Current Gain/Loss: unopened
Entry on January xx at $ xx.xx
Listed on January 03, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 16.2 million
New Positions: Yes, see below
Why We Like It:
We have had our eye on ANR as a bullish candidate for a while. The last couple of years have been horrible for ANR's stock price. Yet shares have been building a bottom for the last six months. Now ANR is starting to rebound. The stock is trying to get past significant resistance at the $10.00 level.
Today's high was $10.29. I am suggesting a trigger to open bullish positions at $10.35. If triggered our target is $12.50.
More aggressive traders could aim higher.
Trigger @ 10.35
Suggested Position: buy ANR stock @ (trigger)
- (or for more adventurous traders, try this option) -
buy the Mar $12 call (ANR1316c12) current ask $0.49