Shares of Alliance Resource Partners Under Pressure, Down 1.3%

Published on Wed, 02/13/2013 - 11:29
By Peter Chu in Market movers, ARLP, alliance resource partners, market movers, nasdaq:arlp

Down 1.3% to $62.35, Alliance Resource Partners (NASDAQ:ARLP), is one of today's notable movers. The S&P is trading fractionally higher to 1,522 and the Dow is trading fractionally lower to 13,998.

Alliance Resource Partners, L.P. produces and markets coal to United States utilities and industrial users. The Company operates its facilities in Kentucky, Illinois, and Maryland.

Potential upside of 24.2% exists for Alliance Resource Partners, based on a current level of $62.35 and analysts' average consensus price target of $77.43. The stock should find initial support at its 50-day moving average (MA) of $60.51 and further support at its 200-day MA of $60.22.

Over the past year, Alliance Resource Partners has traded in a range of $50.42 to $74.06 and is now at $62.35, 24% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Bon-Ton Stores Trading Higher on 1.2x Ab...

Bon-Ton Stores's stock is up 3.0% to $9.35 on heavy trading volume. Approximately 321, ...

Trading Lower on Heavy Volume are Shares...

The price of Intersil shares has slipped to $13.00 (a 7.3% change) on heavy trading vol ...

Trading Lower on Heavy Volume are Shares...

Enterprise Products Partners shares are trading on heavy volume today, having fallen 1. ...

Trading Lower on Heavy Volume are Shares...

GlaxoSmithKline's stock is down 0.0% to $48.46 on heavy trading volume. About 4.0 mill ...

Sellers Reduce Exposure to Shares of Man...

Shares of Manulife Financial are trading today in above average volume, with the share ...

Trading Lower on Heavy Volume are Shares...

Tenaris shares are trading on heavy volume today, having fallen 3.4% to $43.29. About ...

Pacific Ethanol's Shares Changing Hands ...

The price of Pacific Ethanol shares has slipped to $17.50 (a 7.0% change) on heavy trad ...

Trading Lower on Heavy Volume are Shares...

Shares of Turkcell Iletisim Hizmet are trading down 0.2% to $16.39 today on above avera ...