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 Cannot Ignite 0 comments
    Apr 25, 2012 11:02 AM | about stocks: BTUZQ, ACI

    All of the leading coal stocks have been in a down-trend throughout 2012. This morning, many of the leading coal stocks are failing to catch a bid despite the early stock market rally. The leading coal stock that most traders follow is Peabody Energy Corp (NYSE:BTU). The stock is trading lower by 0.14 cents to $29.81 a share. Short term traders should watch for intra-day support around the $29.59, and $28.75 levels. The daily chart of BTU still remains very weak as the stock trades below the important daily chart 50, and 200 moving averages.

    Some other leading coal equities that are coming under early selling pressure include Alpha Natural Resources, Inc. (NYSE:ANR), Arch Coal Inc (NYSE:ACI), and the Market Vectors-Coal ETF (NYSEARCA:KOL). All of these leading equities still appear very weak on the daily chart and are susceptible to further declines.

    Nicholas Santiago
    InTheMoneyStocks.com

    (click to enlarge)

    Stocks: BTUZQ, ACI
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

  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart.... http://bit.ly/YelpChart
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock. http://bit.ly/WMTAlert
    Apr 10, 2015
More »

Latest Comments


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.