I bought 300 shares of ANR at $50.05 based on the trend pullback setup. I had placed a buy stop this morning for the following reasons:
1. The stock has been in a sustained uptrend
2. On Friday it bounced at a major support level
3. Stochastics crossed over at near oversold levels
4. Strong OBV and volume pattern
My stop is at the recent pivot low, around $47.50. My initial targer is the recent high right around $55.