52 Week Low: Walter Energy

wlt New York, November 28th (TradersHuddle.com) - Shares of Walter Energy, Inc. (NYSE:WLT) booked a new 52 week low by trading below $28.25. 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 -1.5% versus its previous trading session close, and it has calculated support and resistance at $28.25 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 higher by 0.01% from its previous trading close, which means that Walter Energy stock is underperforming the overall market.

Technical Scans

Stock Market

o Dow Jones 17,813.39 ▲1.20 (0.01%)
o S&P 500 2,088.87 ▼0.27 (-0.01%)
o NASDAQ 5,116.14 ▲13.33 (0.26%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,813.39 Trade time:4:34PM EST Value change:▲1.20 (0.01%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,088.87 Trade time:4:34PM EST Value change:▼0.27 (-0.01%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:5,116.14 Trade time:5:15PM EST Value change:▲13.33 (0.26%)

In The Wires

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