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Buyers Accumulate Shares of Walter Energy, Up 1.5%

Published on Thu, 01/31/2013 - 13:26
By Mallory Stone

Walter Energy (NYSE:WLT) is one of today's notable stocks on the rise, up 1.5% to $36.74. The Dow is trading fractionally lower to 13,895 and the S&P is currently trading fractionally lower to 1,501.

Walter Energy (NYSE:WLT) has potential upside of 14.8% based on a current price of $36.74 and analysts' consensus price target of $42.15. The stock should find resistance at its 200-day moving average (MA) of $40.66, as well as support at its 50-day MA of $34.72.

Walter Energy, Inc. mines coal. The Company produces metallurgical and steam and industrial coal,, manufactures blast furnace, foundry, industrial and buckwheat coke, and produces light oil, coal tar, and ammonium sulfate. Walter Energy also degasifies coalbeds and sells the gas to a utility.

In the past 52 weeks, shares of Walter Energy have traded between a low of $28.01 and a high of $76.95 and are now at $36.74, which is 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.9%.

By Mallory Stone
mstone@fnno.com