Tuesday, September 16, 2008

Coals

Energy feels like it wants to rally. My favorite sector to invest in is coal. Here are a few stocks that are oversold.

ACI

35 has proven to be support, it is now red for the year. I am long.

BTU

45 has proven to be support, it is now in the red. It can easily run up to 55.

CLF

70 is support, this stock has held up very well compared to other coals. A move to 85 looks possible. I am long.

CNX

50 is support. It is red for the year. I want to get long with strength tomorrow.

MEE

35 is support and the low end of the trendline. A run to high 40s is foreseeable.

PCX

30 is support. A move to 40 is very possible.