A look at Peabody Energy Corp.(BTU) — Pending Golden Cross

by DAN Peabody Energy Corp. ($BTU) averages are at $19.75 (21 day SMA), $18.62 (50 day SMA), $18.87 (200 day SMA). Over the past 52 weeks BTU has traded from a low of $14.34 to a high of $28.75. BTU was last at $19.34 on a volume of 6,168,840. Average daily volume has been at 6,248,384.

52 Week Range $14.34-$28.75 Market Cap 5,223,931,509 Average Volume 6,248,384 Dividend Yield 1.69% Institutional Ownership 87.20% Insider Ownership: 0.40% Percentage of Float Short 6.90% Beta 1.36

Peabody Energy (BTU) has been trending higher since it’s low of around $15 last June. The stock has been printing a series of higher highs and lows, and this new uptrend is now about to drag the 50-day moving average above the 200-day moving average. This is a “golden cross” event and is seen by traders as a confirmation of the uptrend.

Technical traders might watch this event and look for support at the crossover level, which is projected to be around $19.00.
Peabody Energy Corporation is involved in mining. It mines, prepares, and sells thermal coal to electric utilities and metallurgical coal to industrial customers.

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