As a free subscriber (“email me updates!”) to the stocktradingtogo blog one of the great advantages is staying up to date on all major trends. What I have below are four stock charts that show why the coal stock trend has peaked for a potentially very long time.
1. Alpha Natural Resources (ANR)
Since peaking at $108.73 on June 30th ANR has dropped as low as $80.42 (-26%).
2. James River Coal Company (JRCC)
Since peaking at $62.83 on June 19th JRCC has dropped as low as $40.16 (-36%).
3. Massey Energy (MEE)
Since peaking at $95.70 on June 30th MEE has dropped as low as $72.21 (-24.5%).
4. Fording Canadian Coal Trust (FDG)
Since peaking at $96 on June 30th FDG has dropped as low as $73.92 (-23%).