Bulls and Bears on the Trenches of Peabody
Published on Wednesday, 13 June 2012 05:00 Written by TradersHuddle Wire
New York, June 13th (TradersHuddle.com) - Shares of Peabody Energy Corp (NYSE:BTU) closed the trading day higher by $0.2 or 0.87% from its previous close. Peabody's price action formed what is considered to be a doji close, where the open and close prices are very close to each other, mainly signaling an indecision between buyers and sellers.
Peabody Energy Corp. (NYSE:BTU) principal activities are mining, preparation and sale of steam coal, sold primarily to electric utilities and metallurgical coal, sold to steel and coke producers. The company