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Is Coal Heating Up?

Posted, by inthemoneystocks on May 14th, 2012

One of the worst performing industry groups in 2012 has been the coal sector. This sector remains in a confirmed downtrend at this time by trading well below the important daily chart 50, and 200 moving averages. Please note, while this sector has been extremely weak throughout the year many leading coal stocks are trading positive today. The only reason that we want to know about this bounce is because the Dow Jones industrial Average and most every other stock index is declining lower by more than 1.0 percent. Believe it or not, the coal sector is actually bucking the trend today and showing intra-day relative strength. ...Continue reading here: http://bit.ly/JvCsex

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Authored by, inthemoneystocks
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