JOY Forecast 3/15/16

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Joy Global (NYSE:JOY) is a company that builds and supports the heavy equipment industry in the mining sector. 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.