I agree with $10, but what about Monday when two Russell Indexes add LLEN?
MM will be buying after the close TODAY, in order to supply shares needed in related mutual funds on MONDAY.
Will that be enough to break this down trend?
Will it be enough to go over $4, tonight, and $5 on Monday?
I plan to buy more, in the last minutes before today's close.
At noon, LLEN is up $.08 or 2.4%, on below average volume of 111k.
We should be focused on volume for the rest of the day, and into the after-hours trading.
It will signal the direction and amplitude of the coming price rise.
Investors Business Daily (IBD) has high ratings for LLEN.
On a 1-99 scale, they give LLEN these ratings:
Composite - 91 (Best in coal group)
EPS - 98 (Best in coal group)
Relative Strength - 98 (Best in coal group)
SMR - A (Fourth in coal group)
Accum/Distribution - C
SMR = Sales Growth, Profit Margins, and Return on Equity ratios.
At 9 AM the stock is bid 100 shares at $3.20, 100 at $3.17, 1200 at $3.13.
Ask is 400 at $3.50, 1000 at $3.52, 100 at $3.58.
It is beginning to look like a good open and trading day.