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Grandich Client Alderon Iron Ore

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ADV fundamental story continues to march along the road towards production while the technical picture is close to turning nicely bullish again.

The $1.20 area (A) has been significant resistance for several months and a couple closes above it would be a nice breakout. Because the $1 area (B) has now proven to be good support again, there appears to be a $.20 downsize risk and much more to the upside. There should be some resistance at the 200-Day M.A. (C) but with fundamentals still suggesting production coming, the stock appears it can move well past there on continuing good news.


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