Peabody Energy Slides Lower
This afternoon, leading coal stock Peabody Energy Corp (NYSE:BTU) is trading lower by 0.52 cents to $26.26 a share. This stock is considered to be the best equity in the coal mining space. Short term traders should watch for intra-day support around the $26.11 level. The daily chart for BTU stock is around the $24.00 area.
Some other leading coal stocks that are struggling to catch a bid today include Alpha Natural Resources Inc (NYSE:ANR), James River Coal Company (NASDAQ:JRCC), and Arch Coal Inc (NYSE:ACI). All of these stocks are susceptible to further downside in the near tern according to the daily charts.