Seeking Alpha

InTheMoneyStocks'  Instablog

Send Message 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:
My blog:
Rant & Rave - Pro Traders Blog
  • Are The Coal Stocks Catching A Spark 0 comments
    Apr 5, 2013 11:29 AM | about stocks: WLT

    This morning, the major stock indexes are coming under some selling pressure. Traders and investors seem to be selling most leading stock sectors, however the coal sector is actually bucking the trend today by trading higher on the session. One of the leading coal stocks that are showing strength today is Peabody Energy Corp (NYSE:BTU). Today, BTU is trading higher by 0.32 cents to $20.09 per share. Short term traders should watch for intra-day resistance around the $20.21, and $20.64 levels. The daily chart for BTU is still in a down trend by trading below the important 50, and 200-day moving averages.

    Some other leading coal related equities that are trading higher today include Arch Coal Inc (NYSE:ACI), Alpha Natural Resources, Inc. (NYSE:ANR), Walter Energy Inc. (NYSE:WLT), and James River Coal Company (NASDAQ:JRCC). All of these stocks remain weak on the charts at this time. They are all very oversold so traders should continue to look for bounces in this sector. Should the major stock indexes trade off of the lows the coal stocks could see further upside throughout the day.

    Nicholas Santiago

    (click to enlarge)

    Stocks: WLT
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.