$WLT

(Click chart to enlarge)
 

Coal stocks got a much needed bump today after being beat down for the better part of the year.  Walter Energy caught my eye today.  Main reason, it reminded me of the Goldcorp chart, which you can view here (http://814options.blogspot.com/2012/08/gg-goldcorp.html) before it put in a 13/14 point run.  It sas a nice inverse h&s pattern coupled with a rising MACD and RSI.  We did take a position today in the November 35 calls.  PTs are 39 and 45.