Tue, Jul 29, 2014, 4:02 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Walter Energy, Inc. Message Board

  • nysfparachute nysfparachute Jun 7, 2013 4:18 PM Flag

    bubble to bust pattern fufilled today

    Just from a technical perspective, look at a 5 year chart. We went from 15...bubbled up to 140 or so, and that was the bubble. When a bubble bursts it usually needs to retest the ENTIRE other side of the mountain. It did that today. I think the odds now strongly favor a bounce. It won't rally strongly because no one wants it right now. The most likely scenario is a basing period where it goes between say 14 to 20 for months. There is SO much bad news in it, that any straw will rally it up to a point. A strong economic number out of China, signs that prices are steady and not going down anymore. At this point the slightest bullish data point will rally it at least somewhat.

 
WLT
6.04+0.30(+5.23%)4:01 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.