Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Coal Breaks Above 200-Day Moving Average - Bullish for KOL
Tuesday, April 29, 11:04 AM ET, by Market News Video Staff
In trading on Tuesday, shares of the Coal ETF (KOL) crossed above their 200 day ...
Interesting WLT Put And Call Options For June 13th
Thursday, May 1, 11:15 AM ET, by Market News Video Staff
Investors in Walter Energy, Inc. (WLT) saw new options begin trading today, for the June ...
Walter Energy, Inc. About To Put More Money In Your Pocket (WLT)
Tuesday, May 6, 10:03 AM ET, by Market News Video Staff
On 5/8/14, Walter Energy, Inc. (WLT) will trade ex-dividend, for its quarterly dividend of $0.01, ...
UEC Stock Crowded With Sellers
Tuesday, May 6, 4:28 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Uranium Energy Corp (UEC) entered into oversold territory, changing ...
SunCoke Energy Inc (SXC) Shares Cross Below 200 DMA
Wednesday, May 7, 11:34 AM ET, by Market News Video Staff
In trading on Wednesday, shares of SunCoke Energy Inc (SXC) crossed below their 200 day ...
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.
Free Trial: ''ETF CHANNEL FLEXIBLE GROWTH INVESTMENT PORTFOLIO''
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors —
anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset
allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors,
commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow
the performance trail wherever it leads us.
This Article's Word Cloud: