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.



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!

Technical Scans

Stock Market

Loading
Chart
o Dow Jones 18,132.70 ▼81.72 (-0.45%)
o S&P 500 2,104.50 ▼6.24 (-0.30%)
o NASDAQ 4,963.53 ▼24.36 (-0.49%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:18,132.70 Trade time:4:29PM EST Value change:▼81.72 (-0.45%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,104.50 Trade time:4:29PM EST Value change:▼6.24 (-0.30%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,963.53 Trade time:5:15PM EST Value change:▼24.36 (-0.49%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.