CONSOL Energy (CNX) NewsBite - CNX Falls on Lower Coal

Posted: Friday, November 20, 2009 11:28 AM EDT

CONSOL Energy (NYSE: CNX) opened at $47.14. So far today, the stock has hit a low of $44.95 and a high of $47.16. CNX is now trading at $45.32, down $2.23 (-4.69%). Over the last 52 weeks the stock has ranged from a low of $18.50 to a high of $53.04. CNX shares are declining with other coal stocks today, hurt by lower coal futures. Technical indicators for the stock are neutral and S&P gives CNX a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on CNX the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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