SunCoke Energy (SXC)

[THREE-DAY-TRADER]

It looked like it was going to rally much better previously when it was at that 4.60 level recently (and when Nat Gas was showing bottoming signs in late October), but yet again SXC still dives downward as a continuous trend.

Overall, problem is that it is coal. Sector is a never ending bottomless pit.
I pity anyone who tries to hold any of these coal type stocks long term, as I've always said to anyone in the past. Short term trade these only in my view.
Best possible hope for holders of this is that $NatGas bottoms this Winter (as I said before), because coal competes with it, and hopefully that will happen by November or December (and near same time in late November when the ex-div qualification period could also help attract buyers), and also hopefully before this tanks below 3.00.

Otherwise, longer term problem is that you have a Fed Govt Administration & EPA that is doing its best to end the Coal sector, which is an ongoing problem and a likelihood scenario longer term price will continue lower and lower.