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Wednesday, 01/04/2012 11:15:37 AM

Wednesday, January 04, 2012 11:15:37 AM

Post# of 784
Coal Stocks Are Not Looking So Hot


This morning, all of the leading coal stocks are coming under some mild selling pressure. This sector continues to trade below the important daily chart 50 moving average, this puts the sector in a weak technical position. Traders can look at how the Market Vectors Coal ETF (NYSEARCA:KOL) has under-performed the major stock indexes and the rest of the energy sectors. Traders can watch for intra-day support on the KOL around the $33.20, and $32.25 levels. ...Continue reading here: http://bit.ly/wZNldw

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