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inthemoneystock (< 20)

BTU Heats Up



April 30, 2012 – Comments (0) | RELATED TICKERS: BTU , ANRZQ , ACIIQ

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

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