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.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 16,880.36 ▼31.75 (-0.19%)
o S&P 500 1,970.07 ▲0.12 (0.01%)
o NASDAQ 4,462.90 ▲20.20 (0.45%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,880.36 Trade time:4:32PM EDT Value change:▼31.75 (-0.19%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,970.07 Trade time:4:32PM EDT Value change:▲0.12 (0.01%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,462.90 Trade time:5:15PM EDT Value change:▲20.20 (0.45%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.