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Alpha Natural Resources Makes a Move: Down 2.0%

Published on Mon, 03/11/2013 - 12:20
By Mallory Stone

Alpha Natural Resources (NYSE:ANR), a company whose shares are moving quickly, is trading 2.0% lower to $8.41. The S&P is currently trading fractionally higher to 1,553 and the Dow Jones Industrial Average is trading 0.2% higher to 14,423.

Alpha Natural Resources (NYSE:ANR) has potential upside of 37.3% based on a current price of $8.41 and analysts' consensus price target of $11.55. Alpha Natural Resources shares should encounter resistance at the 50-day moving average (MA) of $9.02 and support at its 200-day MA of $8.20.

In the past 52 weeks, Alpha Natural Resources share prices have been bracketed by a low of $5.28 and a high of $17.79 and are now at $8.41, 59% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.4%.

Alpha Natural Resources, Inc. extracts, processes, and markets steam and metallurgical coal. The Company conducts operations from surface and underground mines located in the northern and central Appalachian regions and Colorado, all located in the United States. Alpha Natural Resources markets its coal to electric utilities, steel and other industrial producers.

By Mallory Stone
mstone@fnno.com