Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

BTU Heats Up

Everyone knows that the coal sector has been extremely weak as of late. There is one leading coal stock that is catching a bid higher today and it is Peabody Energy Corp (NYSE:BTU). Today, BTU stock is trading higher by $1.01 to $31.21 a share. The stock will have intra-day resistance around the $31.60 area. The daily chart could have some more upside in the near term, however, the stock remains well below the important 200 day moving average which puts the stock in a weak technical position.

Some other leading coal stocks that are trading higher today include Alpha Natural Resources, Inc. (NYSE:ANR), Arch Coal Inc (NYSE:ACI), and James River Coal Company (NASDAQ:JRCC). Please note that the entire coal sector still remains weak on the daily charts.

Nicholas Santiago