Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • Coal Stocks Still Have Little Spark 0 comments
    Feb 15, 2012 10:47 AM | about stocks: KOL, BTU, ANR, ACIQ
    The coal sector has severely underperformed the major stock averages and the overall energy sector. This morning, the major coal stocks are trading in positive territory, however, they remain weak on the daily charts. The Market Vectors Coal ETF (NYSEARCA:KOL) is trading higher by 0.27 cents to $35.33 a share. KOL will have intra-day resistance around the $35.60, and $36.00 levels. Should KOL decline intra-day the ETF will have support around the $35.00, and $34.30 levels. The daily chart for KOL remains weak and will have daily chart support around the $32.90 level.

    Some leading coal stocks that remain weak on the daily chart include Peabody Energy Corp (NYSE:BTU), Alpha Natural Resources Inc (NYSE:ANR), and Arch Coal Inc (NYSE:ACI). It is likely that the metallurgical coal divisions have been slowing down for these companies. It is metallurgical coal that is used to make steel and other industrial products.

    Nicholas Santiago
    InTheMoneyStocks.com

    Stocks: KOL, BTU, ANR, ACIQ
Back To InTheMoneyStocks.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.