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Peabody Energy: Breakout boosts BTU

 Jun 25, 2008 05:00 AM UTC
Symbol Sentiment Start Return Closed
BTU Positive 06/25/08 -75.05% --

Graphic_arrow1 Via TheStockAdvisor:  

 "Coal miner Peabody Energy Corp. (NYSE: BTU) looks hot," says Leo Fasciocco, who focuses on stocks that have broken out from technical basing patterns.

In his The Ticker Tape Digest he explains, "The stock rose above its break points of $81.20, hitting a new high." He adds, "With net set to surge 70% this year, our upside target is $105."

"The company has mining operations in Appalachia, the Powder River Basin, and the U.S. Southwest and Midwest, as well as Australia and Venezuela. It also markets, brokers, and trades coal, and develops electricity-generation projects.


"Technically, BTU has broken out from a six-week flat base today with expanding volume. It is part of the strong coal group, which has been one of the strongest acting sectors of the market.


"The stock is a leader, having as appreciated 60% the past 12 months compared with a 10% drop in the S&P 500 in
...




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