Submitted by admin on Sun, 11/28/2010 - 20:49
Posted in
Over the past three weeks, Consol Energy's (CNX) stock chart produced a very symmetric pennant formation. But looking at it's stock chart over a longer period of time reveals a six month head and shoulders bottom. There is resistance at $46/share and again at $50/share.
Short term target price should be about $50/share assuming $46/share is broken. Probably not a good trade but an interesting pattern formation.