Alpha Natural Resources (ANR) NewsBite - ANR Up on Higher Coal Futures
Posted on December 05, 2007 at 09:48 AM EST
Alpha Natural Resources Inc. (ANR) opened at 29.00. So far today, the stock has hit a low of 28.77 and a high of 29.91. ANR is now trading at 29.46, up 0.81 (2.79%).The stock hit its 52 week high of 29.91 today and set its 52 week low of 12.32 in January. ANR has been rising since the beginning of this year. Shares of Alpha Natural Resources have been climbing today helped by higher coal futures. Technical indicators for the stock are bullish but deteriorating while S&P gives ANR a positive 4 STARS (out of 5) buy rating. If you’re looking for a hedged play on this stock, consider a March bull-put credit spread below the $22.50 range. ANR stock could fall up to 23.6% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]