The chart below shows that VanEck Vectors Coal ETF (KOL) met our $16.25 per share upside target today, first displayed and discussed in our December 1st Asbury Alert entitled VanEck Vectors Coal ETF (KOL) Resuming May Advance (access requires subscription), to capture a $0.92 per share, 6.0% price advance in 21 trading days.
In addition, there was a dividend during the holding period which added approximately another 3.6% to the idea for a total return of about 9.6%.
In addition, KOL outperformed the S&P 500 (SPX) by 3.6% during the same period.
Note that price targets being met do not necessarily mean that the directional move is over — only that our initial expectations have been met.
We publish these notifications for 3 reasons:
- to let Asbury Research subscribers know when to consider taking profits on existing positions,
- to let non-subscribers track what we are doing in the market, in real time, and
- to make everyone aware of a potential upcoming price reversal as price advances often end as upside targets are met and more savvy investors take profits.
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