Today is first time WLT closed over 10 dma since May 21st (Not a major trend reversal yet)
Just a small glimpse of hope from a technical stand point. But, if it can take out 20 dma (Currently sitting @ 11.97) then it might have a path to challenge the 50 dma @ 15'ish level.
One day doesn't make a trend, will have to wait for some follow through.
Nice job on technicals. Fundamentals: US utility coal inventories are just now falling into deficit as production has lagged consumption since late fall. Not met coal but they will trade together. Producers will need a return to bring back mines which will mean higher prices and this woll mean less coal for export to compete with WLT coal (some CAPP mines compete with met coal in blends). Internationally, the big companies hate this price as much as anybody and are in the process of cutting production to setup a much tighter higher priced market. In 6 months nobody will be talking about shortages.
Hey picker, I was on vacation for 1.5 weeks haven't been checking things out for awhile. Noticed the same thing you did. I agree with your moving average research, it's not groundbreaking, but definitely a positive in one of the most hated stocks/sectors. We'll see if it's another typical headfake or true conviction if WLT can hold a few nice weekly candles. That's when I start adding.