Go Long PCX, Short SLXP

Patriot Coal should soar while Salix Pharmaceuticals stumbles

   

Go Long PCX, Short SLXP

Futures continue to improve on the heels of what is looking like a breakout of recent consolidation for the market.

Below are the morning trade setups. For those who are still holding on to a lot of short positions, be very careful about letting a market that is on a technical breakout, continue to run against your positions.

Long: Patriot Coal Corporation (NYSE: PCX)

pcx11410 Go Long PCX, Short SLXP

Short: Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP)

slxp11410 Go Long PCX, Short SLXP

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Article printed from InvestorPlace Media, http://investorplace.com/2010/11/go-long-pcx-short-slxp/.

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