Lower Coal Futures Drag Down Peabody Energy (BTU)

Posted: Friday, November 27, 2009 10:48 AM EDT

Peabody Energy (NYSE: BTU) opened at $44.11. So far today, the stock has hit a low of $43.00 and a high of $44.70. BTU is now trading at $44.46, down $1.54 (-3.35%). Over the last 52 weeks the stock has ranged from a low of $16.65 to a high of $47.64. BTU shares are declining with other coal stocks today, hurt by lower coal futures. Technical indicators for the stock are neutral and S&P gives BTU a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on BTU the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (BTU)