Alliance Holdings (NASDAQ:AHGP), a company whose shares are moving quickly, is trading 1.2% higher to $47.95. The Dow Jones Industrial Average is now trading 0.5% lower to 13,035 and the S&P is trading 0.4% lower to 1,412.
Alliance Holdings share prices have moved between a 52-week high of $54.64 and a 52-week low of $36.97 and are now trading 30% above that low price at $47.95 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.
Potential upside of 29.3% exists for Alliance Holdings, based on a current level of $47.95 and analysts' average consensus price target of $62.00. The stock should find initial support at its 50-day moving average (MA) of $46.97 and further support at its 200-day MA of $45.42.
Alliance Holdings GP LP owns and controls Alliance Resource Management GP, LLC, the managing general partner of Alliance Resource Partners, L.P. (ARLP). ARLP produces and markets coal United States utilities and industrial users.