Coal Stocks Still HotShareThis TwitterAfter a big rally in the coal sector last
week following excellent earnings news courtesy of James River Coal Company
(NASDAQ:JRCC), stocks continue to rip higher on Monday, given additional fuel
by news that Chinese manufacturing expanded for the first time in nine months.
Goldman Sachs also upgraded its sector rating on America Coal stocks to
Attractive and raised price targets for a handful of individual securities.
Stocks trading higher today include Massey Energy (NYSE:MEE) up 19.8%, Arch
Coal (NYSE:ACI) up 9.8%, CONSOL Energy (NYSE:CNX), up 10.8%, Peabody Energy
(NYSE:BTU) up 10%, Foundation Coal (NYSE:FCL) up 13%, Alpha Natural Resources
(NYSE:ANR) up 8%, Patriot Coal (NYSE:PCX) up 20.5% and James River is currently
up 13%. SmarTrend, our automated pattern recognition system, made the early
call on almost all of these stocks, with Peabody up 48% since SmarTrend's 4/29
Uptrend alert, James River up 50% since a
3/19 Uptrend alert, Patriot Coal up 47% since a 4/30 Uptrend alert, Alpha
Natural Resources up 28% since a 4/24 Uptrend Alert and CONSOL Energy up 22.9%
since a 4/24 Uptrend alert. These are only a few honorable mentions out of a
massive list of SmarTrend's big winners. Get your free trial today and learn to
trade the trends at http://www.TradeTheTrend.com.
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