Coal firing today, a look at Walter Energy Inc

by Josh Coal is today’s leading industry, with the average coal stock up 3.2% today.

Walter Energy Inc ($WLT) was last at $13.36 (+7.2%) on a volume of 5,834,750 shares. Average daily volume has been 9,107,516 shares, putting Walter Energy Inc ($WLT) on track for double the average share volume today.

Shares are nearing the 50 day moving average, with overhead resistance at $16.25, which served as support before being broken in early June.

Walter Energy Inc ($WLT) shares are still trading below the 200 day moving average giving them a bear market classification. Shares have been oversold, however today’s price action is pulling the Relative Strength Index (RSI) up above 30 and out of their oversold classification.

52 Week Range $9.88-$41.32 Market Cap 835,865,056 Average Volume 9,107,516 Dividend Yield 4.01% Institutional Ownership 84.20% Insider Ownership: 2.10% Percentage of Float Short 38.60% Beta 2.14

Walter Energy, Inc. is a producer and exporter of metallurgical coal for the global steel industry. It also produces steam coal, coal bed methane gas, metallurgical coke and other related products.

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