Coal Stocks Gaining Momentum
Posted on October 09, 2012 at 17:32 PM EDT
( click to enlarge ) Alpha Natural Resources, Inc.(NYSE:ANR) broke through its short term resistance level of $7.12 on solid volume and looks ready to go higher. The stock could touch an upside target of $8.1 in the short term. Looking at the technical chart we start to see now some signals of rebound as [...]

( click to enlarge )

Alpha Natural Resources, Inc.(NYSE:ANR) broke through its short term resistance level of $7.12 on solid volume and looks ready to go higher. The stock could touch an upside target of $8.1 in the short term. Looking at the technical chart we start to see now some signals of rebound as the chart shows positive momentum is back. In addition, the 20-day moving average recently crossed on top over 50 day moving average which is a very positive sign. Short-term outlook for the … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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