Alpha Natural Resources ($ANR)

(Click chart to enlarge)

(Click chart to enlarge)

Alpha Natural Resources broke above the long term down trendline on 8/9 with above average volume.  It has since back tested the break out and is now looking to head higher. A break over 6.20 and our price target is $7 near term.

Here are todays options statistics:

anroptions

Disclosure: Long Sep $7 calls @ .21

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