China Coal Energy (CCOZY) is on the Move, Here's Why the Trend Could be Sustainable [Yahoo! Finance]
CHINA COAL ENGY CO ADR (CCOZY)
NASDAQ:AMEX Investor Relations:
chinacoalenergy.com/n43830/n43840/index.html
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Source: Yahoo! Finance
And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. There are several stocks that passed through the screen and China Coal Energy Co. (CCOZY) is one of them. Here are the key
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