PPR - Walter Energy (WLT) Pocket Pivot Feb 14 2011

Published : February 14 2011 at 15:31 ET

Walter Energy (WLT) is flashing a pocket pivot here going into the end of the day as it rises above the 50-dma on a pocket pivot volume signature. The stock is buyable using the 116.6 area as maximum selling guide given that it is approximatley 7% from where the stock is currently trading. WLT announces earnings tomorrow morning, so be apprised of this when scaling any position in WLT going into earnings.

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