CONSOL Energy (CNX) Is One Of Today's Top Losers
Posted: Monday, March 15, 2010 3:12 PM EDT
By: Market Intelligence Center Staff
CONSOL Energy (CNX) leads the list of top losers so far today and is now at $48.90, down $5.43 (-9.99%) on volume of 5,888,078 shares traded. The company announced it will buy Dominion's (D) Appalachian drilling business for $3.48 billion this morning. Over the last 52 weeks the stock has ranged from a low of $24.01 to a high of $58.00. CONSOL Energy stock has been showing support around $53.37 and resistance in the $55.47 range. 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 an April out-of-the-money bear-call credit spread above the 55 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE CONSOL Energy (CNX) Stock ReportSee what our analysts have uncovered about CONSOL Energy (CNX).