Peabody Close to the 50 Day

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Peabody Close to the 50 Day

Published on Thursday, 12 January 2012 19:56 Written by TradersHuddle Staff

New York, January 12th (TradersHuddle.com) - Shares of Peabody Energy Corp (NYSE:BTU) closed the trading day at $37.16 close to its 50 day moving average currently set at $36.65. Peabody's price action is just above this important support level translating into a trading opportunity.

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

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