BTU our Free Stock Pick for Tue Feb 15th 2011
Peabody Energy Corp. (BTU) surged 3.06, or 4.87%, today on higher-than-average volume and finished at its highest close in more than two years. It closed at 65.90, substantially above key resistance at 65.00, confirming the breakout. The close was also near the high of the day, another good sign and indication of possible continuation of current momentum.
We're looking for a move towards the 69.50 area in the next couple of days. Preferred entry (buy stop) price is at 66.20, with a stop loss at 64.00.
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