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Coal Stocks Heat Up

|Includes:ARCH, KOL, Walter Energy, Inc. (WLT)

This morning, the coal sector looks to be catching a bid to the upside. This industry group has been one of the weakest sectors in 2013. Many traders and investors are now looking for a bottom in the coal sector. Peabody Energy Corporation (NYSE:BTU) is one the leading stock in the industry group. Today, BTU stock is trading higher by 0.67 cents to $17.88 a share. Day traders should watch for intra-day resistance around the $18.00, and $18.35 levels.

Some other leading coal stocks that are rallying higher today include Arch Coal Inc (NYSE:ACI), Alpha Natural Resources Inc (NYSE:ANR), and Walter Energy Inc (NYSE:WLT). Traders that want to track the entire coal sector can follow the Market Vectors-Coal ETF (NYSEARCA:KOL).

Nicholas Santiago