ANR broke out 23 back in May with good volume. While consolidating, it painted a bull flag during the months of May, June and July. In July, it broke out of the 23-30.5 range with even higher volume than the previous break out. Currently ANR is in a consolidation phase that looks very similar to the previous one. Unless the stock breaks the raising trend line decisively, it looks like a good buy if you can get in around 30.5 to 31 range for a good risk/reward trade. First target, would be 37.5 and if it breaks out of the range with good volume a second target would be around 43.5.
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