Seeking Alpha

InTheMoneyStocks'  Instablog

InTheMoneyStocks
Send Message
InTheMoneyStocks.com is a proprietary research, consulting and investment alerts company focused on guiding investors, swing traders and day traders to financial success. Their PPT Methodology is a proprietary blend of price, pattern and time discoveries that has helped produce 216.37% net... More
My company:
InTheMoneyStocks.com
My blog:
Rant & Rave - Pro Traders Blog
  • Coal Gets Slammed Again 0 comments
    Mar 19, 2013 11:14 AM

    One of the worst performing stocks sectors in 2012 has been the coal stocks. Today, this important industry group is falling lower again. The Market Vectors Coal ETF (NYSEARCA:KOL) is trading lower by 0.38 cents to $23.22 a share. Traders should note that the KOL traded as high as $26.39 a share on January 7, 2013 so traders can easily see this gradual decline that has taken place over the past couple of months. Short term traders should watch for intra-day support around the $23.10, and $22.80 levels.

    Some of the leading coal stocks that are declining this morning include Peabody Energy Corp (NYSE:BTU), Alpha Natural Resources Inc (NYSE:ANR), Walter Energy Inc (NYSE:WLT), and Arch Coal Inc (NYSE:ACI). All of these stocks are negatively affected by China economic weakness and the energy policies by the current U.S. administration.

    Nick Santiago
    InTheMoneyStocks

    (click to enlarge)

Back To InTheMoneyStocks' 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

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.