Comfort and JOY

Let's have another look at Joy Global (JOY). 'Tis the season, right?

Months ago, I started looking at the weekly chart and found what I felt was a relatively important low made in July. This is where both time and price parameters came together at the same time. As far as timing was concerned, I noted the similarity of the prior swings down in time. We had prior declines of 23 to 27 weeks before this stock provided a decent rally. The low in July was made 24 weeks down from the January 2012 highs. This 24-week low was made into a key price support cluster at the $45.84 to $48.31 area. This zone includes the 0.618 retracement of a major swing, a 0.786 retracement of another, along with a 1.272 extension of a prior major swing....403 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.