Any news ? Happy to see Coal stocks are up today
WLT sailed through 20 dma yesterday and just cut through 50 dma. If it holds above 70, I see next resistance at 200 dma = 75.The demand news out of Asia has taken the market by surprise.
FYI, BTU is down on the day. Didn't they basically warn for next quarter?
BTU bounced to resistance before starting to go down. WLT has also bounced up to resistance and will sell off again soon, IMHO.
It's a technical rebound. WLT is almost at resistance. IMHO this is not the beginning of a sustained move up. It's a chance to sell or for shorts to reload.
Rising demand, supply constrained for next couple years.
BTU eps is more than double.