JOY Forecast 3/8/16

201603.08

Off

JOY Forecast 3/8/16

Joy Global (NYSE:JOY) is a company that builds and supports the heavy equipment industry in the mining sector. As you can imagine with the way on coal and with gold and silver prices quite low…business has been tough for this company.

As gold moves into a bull market, and silver is close to follow…This stock has experienced some heavy buying in recent days. The stock is now undergoing a counter cyclical re-tracement which our models have identified as a buy signal. We would expect price to drop down near the $15 per share level, then rally up to test the $20 per share area. If this can occur, the uptrend this price move would create should be able to take price much higher…$30 or more.

U.S. GOVERNMENT REQUIRED DISCLAIMER:

Commodity Futures Trading Commission: Forex, Commodities, Futures, Bonds, Stocks and Options trading has large potential rewards, but also large potential risk. Leverage can work for you as well as against you. You must be aware of the risks and be willing to accept them in order to trade and or invest in the Forex, Commodities, Futures, Bonds, Stocks and Options Markets. DO NOT TRADE AND OR INVEST WITH MONEY YOU CANNOT AFFORD TO LOSE. This is neither a solicitation nor an offer to Buy/Sell Currencies, Commodities, Futures, Bonds, Stocks or Options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. THE PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Please read our Full Disclaimer/Disclosure and Terms and Conditions of Use. For your convenience it also includes our Privacy Policy, Testimonials and FTC Required Disclaimer along with other pertinent information important to you. To View This Information Click Here.

To Contact Us, You May Click Here