Coal Stocks Cannot Ignite
Nicholas Santiago | Apr 26, 2012 02:25AM ET
All of the leading coal stocks have been in a down-trend throughout 2012. This morning, many of the leading coal stocks are failing to catch a bid despite the early stock market rally. The leading coal stock that most traders follow is Arch Coal Inc (NYSE:ACI), and the Market Vectors-Coal ETF (NYSEARCA:KOL). All of these leading equities still appear very weak on the daily chart and are susceptible to further declines.
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