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Tag: PCX.JRCC

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The bounce is close. James River Coal is trading at $2.05, +0.11 (5.67%). This is the first up day in the stock in quite a  while. Patriot Coal and Arch Coal are both lower. I will continue to watch these stocks today and over the next few days. If the signals for a bounce get big enough, a buy across the board for a swing trade is valid. ...

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This morning, the leading coal stocks started the morning very strong. Since the gap higher open, many of these leading coal stocks have pulled back off their early highs. This industry group looks to have started the morning higher after a pipe broke in the Yellowstone River that was owned by Exxon Mobil Corp.(NYSE:XOM).

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