Alpha Natural Resources (ANR) NewsBite - ANR Down on Sliding Coal
Posted on January 17, 2008 at 08:42 AM EST
Alpha Natural Resources (ANR) opened at $27.52. So far today the stock has hit a low of $25.29 and a high of $28.01. ANR is now trading at $25.30, down 2.09 (-7.63%). After hitting a one-year low of $12.32 last January, the stock hit a one-year high of $35.20 in December. Shares of ANR are trading lower today, hurt by falling coal prices. Technical indicators for ANR are bullish and deteriorating, while S&P gives the stock a neutral 3 Stars (out of 5) Hold rating. If you’re looking for a hedged play on this stock, consider a February bear-call credit spread above the $30 range. ANR hasn't been above 30 since a brief spike last week. The stock could gain up to 18.5% and this trade would still be profitable. [LHF- Seven Summits Strategic Investments NewsBite]
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