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|JOY Makes Notable Cross Below Critical Moving Average
Friday, September 12, 4:27 PM ET, by Market News Video Staff
In trading on Friday, shares of Joy Global Inc (JOY) crossed below their 200 day ...
Shares of BTU Now Oversold
Monday, September 15, 4:06 PM ET, by Market News Video Staff
In trading on Monday, shares of Peabody Energy Corp (BTU) entered into oversold territory, changing ...
Coal Getting Very Oversold
Thursday, September 18, 10:54 AM ET, by Market News Video Staff
In trading on Thursday, shares of the Coal ETF (KOL) entered into oversold territory, changing ...
CONSOL Energy Stock Getting Very Oversold
Monday, September 22, 12:48 PM ET, by Market News Video Staff
In trading on Monday, shares of CONSOL Energy Inc (CNX) entered into oversold territory, changing ...
Yanzhou Coal Mining Breaks Below 200-Day Moving Average - Notable for YZC
Tuesday, September 23, 11:41 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Yanzhou Coal Mining Co., Ltd. (YZC) crossed below their ...
WLT Stock Crowded With Sellers
By Metals Channel Staff, Wednesday, December 14, 11:37 AM ET
In trading on Wednesday, shares of Walter Energy, Inc. (NYSE:WLT) entered into oversold territory, changing hands as low as $59.15 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of Walter Energy, Inc., the RSI reading has hit 28.5 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 37.6, the RSI of Spot Gold is at 26.5, and the RSI of Spot Silver is presently 29.3.
A bullish investor could look at WLT's 28.5 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), WLT's low point in its 52 week range is $53.41 per share, with $143.76 as the 52 week high point — that compares with a last trade of $59.20. Walter Energy, Inc. shares are currently trading off about 2.7% on the day.
According to the ETF Finder at ETF Channel, WLT makes up 3.90% of the Coal ETF (AMEX:KOL) which is trading lower by about 2.9% on the day Wednesday.
See what other ETFs contain WLT »
See what other stocks are held by KOL »
WLT operates in the Metals & Mining sector, among companies like Uranium Energy Corp (AMEX:UEC) which is down about 1.3% today, and James River Coal Co (JRCC) trading lower by about 4.6%. Below is a three month price history chart comparing the stock performance of WLT, versus UEC and JRCC.
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