No Joy Here, but There's Still a Chance

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The recent earnings report from Joy Global (JOY) certainly took some joy out of the stock, which ranks among the components of PowerShares Dynamic Mid Cap Growth Portfolio Fund (PWJ) and PowerShares Dynamic Mid Cap Portfolio Fund (PJG). Still, let's take another look with some technical analysis, and see where it stands now. The original setup was a Fibonacci price cluster that essentially include three 100% price projections of prior declines, along with a 0.618 Fibonacci retracement of the Dec. 19 low to the Jan. 26 high. This defined the $81.53-to-$83.21 area as a key price support decision....303 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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