52 Week Low: Walter Energy

wlt New York, November 15th (TradersHuddle.com) - Shares of Walter Energy, Inc. (NYSE:WLT) booked a new 52 week low by trading below $29.75. Traders are definitely monitoring Walter Energy's price action to see if this move attracts further selling, or if this last push down sets a tradable bottom in the stock.

Walter Energy, Inc. (NYSE:WLT) mines for coal. The Company produces metallurgical and steam and industrial coal. It also 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 company.

Walter Energy is currently trading -5.21% versus its previous trading session close, and it has calculated support and resistance at $34.71 and $38.78 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading lower by -0.5% from its previous trading close, which means that Walter Energy stock is underperforming the overall market.

Technical Scans

Stock Market

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Chart
o Dow Jones 16,374.76 ▲23.38 (0.14%)
o S&P 500 1,951.13 ▲2.27 (0.12%)
o NASDAQ 4,733.50 ▼16.48 (-0.35%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,374.76 Trade time:4:35PM EDT Value change:▲23.38 (0.14%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,951.13 Trade time:4:35PM EDT Value change:▲2.27 (0.12%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,733.50 Trade time:5:15PM EDT Value change:▼16.48 (-0.35%)

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