Tuesday, May 21, 2013

Coal Stocks Cannot Heat Up

All of the leading coal stocks have been trending lower since late October 2011. Traders and investors are once again witnessing the coal sector decline lower today. The Market Vectors Coal ETF (NYSEARCA:KOL) is trading lower by 0.99 cents to $32.87 a share. Short term traders That follow the KOL should watch for intra-day support around the $32.00 level.

Some of the leading coal stocks that are trading lower today include Peabody Energy Corp (NYSE:BTU), Alpha Natural Resources Inc (NYSE:ANR), and Arch Coal Inc (NYSE:ACI). All of these stocks are in confirmed downtrends at this time. This technical chart position makes these stocks vulnerable to further declines.

Nicholas Santiago
InTheMoneyStocks.com



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InTheMoneyStocks.com is a research and consulting company focused on guiding investors, swing traders and day traders to financial success. Their Chief Market Strategists analyze the markets while making calls on everything from stocks to commodities and currencies. Their goal is to not only guide their subscribers but also teach them their proprietary methods leading them to become investing and trading masters.
Nicholas Santiago
Nicholas Santiago
More on this topic (What's this?)
Kinder Morgan (NYSE: KMI) Coal Exports
India Coal Imports
Read more on Coal Power, Peabody Energy at Wikinvest

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