PPR - Update on VALE Possible Breakout and/or Pocket Pivot Today

Published : November 2 2010 at 10:10 ET

Vale, S.A. Ltd. (VALE), which we first alerted you to when it flashed a pocket pivot buy point through its 200-day moving average on September 26th, is trying to break out of the handle of a cup-with-handle base it has formed since moving up from our original buy point in the 28 price area. This would be a good add point for the original position, but we would need to see today's breakout attempt hold, and/or put in a good pocket pivot volume signature.


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