timwest

PAIRS TRADE: SHORT JOY, LONG ABX

BATS:JOY   None
Perfect Pairs Trade:

Mining equipment supplier JOY ( Joy Global , formerly JOYG) is overbought and stalling while mining conglomerate ABX (formerly American Barrick) is oversold and basing out.

Upside potential: 10% in a month
Downside risk: 5% in a week

NOTE: I like ABX on its own as a long idea.

Tim West
10:24AM EST
1/18/2013

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