Buyers Stepping In - Patriot Coal

Published on Monday, 12 March 2012 11:38 Written by TradersHuddle Wire

pcx New York, March 12th (TradersHuddle.com) - Unusual high volume detected on shares of Patriot Coal Corporation (NYSE:PCX) early in the trading session. The pace in volume of Patriot Coal is already above average, with buyers stepping in, as the stock is 3.65% higher.

Patriot Coal Corporation (NYSE:PCX) is a coal mining company that operates in Central and Northern Appalachia and the Illinois Basin.

Patriot Coal has already traded 1.008 times its 3-month average volume and has calculated support and resistance at $5.97 and $8.43 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.

The overall market index S&P 500 is trading lower by -0.21% from its previous trading close, which means that Patriot Coal stock is outperforming the overall market.

Note - Automated Content Created By TradersHuddle's Technical Scanner

Related Articles

    Related Partner Headlines

    Volatile market? That's when profit potential skyrockets for options traders. Now you can get up to 50 trade opportunities a week from top options experts -- plus much more -- on our exciting new site OptionsProfits. Try it FREE!

    TradersHuddle Search

    Stock Search:

    Site Search:

    Loading

    Stock Market

    Loading
    Chart
    o Dow Jones 15,354.40 ▲121.18 (0.80%)
    o S&P 500 1,667.47 ▲17.00 (1.03%)
    o NASDAQ 3,498.97 ▲33.73 (0.97%)
    INDEXDJX:.DJI

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:15,354.40 Trade time:4:40PM EDT Value change:▲121.18 (0.80%)
    INDEXSP:.INX

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:1,667.47 Trade time:4:39PM EDT Value change:▲17.00 (1.03%)
    INDEXNASDAQ:.IXIC

    NASDAQ

    Company ID [INDEXNASDAQ:.IXIC] Last trade:3,498.97 Trade time:5:15PM EDT Value change:▲33.73 (0.97%)
    Copyright © 2013 TradersHuddle.com. All Rights Reserved.