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Coal Stocks Continue To Get Roasted

By Nicholas SantiagoStock MarketsJul 15, 2012 11:48PM ET
www.investing.com/analysis/coal-stocks-continue-to-get-roasted-129751
Coal Stocks Continue To Get Roasted
By Nicholas Santiago   |  Jul 15, 2012 11:48PM ET
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Monday morning, all of the leading coal stocks are coming under strong selling pressure. Peabody Energy Corp (NYSE:BTU) is considered to be the leading stock in the coal sector. Today, BTU stock is trading lower by 0.86 cents to $21.63 a share. Short-term traders should watch for intra-day support around the $21.50, and $20.70 levels.

Some other leading coal stocks that are trading lower include Alpha Natural Resources Inc (NYSE:ANR), Arch Coal Inc (NYSE:ACI), and the Market Vectors Coal ETF (NYSEARCA:KOL). All of these daily charts for the coal stocks continue to look very poor at this time.

BTU CHART
BTU CHART

Coal Stocks Continue To Get Roasted
 

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Coal Stocks Continue To Get Roasted

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