Alpha Natural Resources (ANR) Remains Weak. Watch This Level.

Alpha Natural Resources Inc. (NYSE:ANR) is is a leading coal stock. The stock is trading lower this morning by 0.92 cents to $52.99 a share. Recently, Alpha Natural Resources Inc. purchased Massey Energy Co. (NYSE:MEE) and a purchase of a major company will usually put pressure on the company making the purchase. Alpha Natural Resources stock will have strong intra-day support around the $52.00 area. At this time short term traders can look for a bounce around this level. It is always important to remember if the overall stock market indexes begin to decline this could bring the stock down a bit further.

About Nicholas Santiago 576 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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