A Trading Metro Member Blog

BTU Heats Up

Commodities trading: <a href="http://www.tradingmetro.com/inthemoneystocks/2012/01/commodity-stocks-rally-how-much-is-left-in-the-tank/#comment-21" title="View the entire comment by Commodities trading">Hi there and thanks for this interesting and important post.
Chad: <a href="http://www.tradingmetro.com/inthemoneystocks/2011/09/predicting-the-stock-market-collapse/#comment-18" title="View the entire comment by Chad">After the Crash, the Fed will start raising interest rates.
Craig: <a href="http://www.tradingmetro.com/inthemoneystocks/2011/07/u-s-dollar-index-plummets-after-gdp/#comment-13" title="View the entire comment by Craig">The dollar index is what most mainstream media outlets refer
itmtrader: <a href="http://www.tradingmetro.com/inthemoneystocks/2011/04/mining-stocks-are-still-lagging-the-precious-metals/#comment-11" title="View the entire comment by itmtrader">"Investor demand is very strong as an improvement in the
Top Step Trader: <a href="http://www.tradingmetro.com/inthemoneystocks/2011/03/sandisk-corp-scalping-level-on-watch/#comment-5" title="View the entire comment by Top Step Trader">How right you are. SNDK is one of those stocks
Advocate of ICE: <a href="http://www.tradingmetro.com/inthemoneystocks/2011/03/pre-market-news-and-views/#comment-2" title="View the entire comment by Advocate of ICE">Nice pre-market commentary on the US Dollar Index (DX). Trade

April 29, 2012 at 9:50 pm • Posted in General

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
InTheMoneyStocks.com