SXC looks good for a longCrude has been holding HTF AOI's and continues to push.
SXC Itself has likewise been holding and continuing to push off HTF AOI's. Nice ignition volume on friday of last week. Looking for a sweep into a Weekly+Daily Level. Ill be watching at the first demand for an entry, Ideally I would like to see it sweep 9.87 before taking my entry but with that igniting volume from Friday I have my doubts. That was a lot of selling that was absorbed on friday and very little downside movement overall at the end of the day. Weekly Swept PWH and PWL and then closed back in the range but I do think we sweep one of the levels first so I wont be taking an entry without one. Good luck this week everybody
-TJ
SXC trade ideas
SXC Short Swing Following any large drop in the overall market is a great time to consider entering. Technically speaking chart is approaching a good level I would expect for a wave 4 and gives a relatively good risk reward ratio. I would personally buy an option expiring early to mid summer but buying shared would be the safer choice. Make sure to manage your risk and watch the SPY as well.
SXC - Long - Uptrend ContinuationSunCoke Energy is engaged in the production of coke through heating metallurgical coal in a refractory oven. It operates through the following segments: Domestic Coke, Brazil Coke, and Logistics. The Domestic Coke segment consists of Jewell facility located in Vansant, Virginia; Indiana Harbor facility located in East Chicago, Indiana; Haverhill facility located in Franklin Furnace, Ohio; Granite City facility located in Granite City, Illinois; and Middletown facility located in Middletown, Ohio. The Brazil Coke segment comprises of its operations in Vitória, Brazil. The Logistics segment comprises of CMT, KRT, Lake Terminal, which provides services to Indiana Harbor cokemaking facility; and DRT, which provides services to Jewell cokemaking facility. The company was founded in December 2010 and is headquartered in Lisle, IL.
SunCoke Energy, Inc reversal trade SunCoke Energy, Inc. is engaged in the production of coke through heating metallurgical coal in a refractory oven. It operates through the following segments: Domestic Coke, Brazil Coke and Logistics. The Domestic Coke segment consists of Jewell, Indiana Harbor, Haverhill, Granite City and Middletown cokemaking and heat recovery operations located in Vansant, Virginia; East Chicago, Indiana; Franklin Furnace, Ohio; Granite City, Illinois; and Middletown, Ohio, respectively. The Brazil Coke segment comprises of its operations in Vitória. The Logistics segment includes the handling and mixing service operations in East Chicago, Indiana; Ceredo, West Virginia; Belle, West Virginia; Catlettsburg, Kentucky; and Convent, Louisiana. The company was founded in December 2010 and is headquartered in Lisle, IL.