Downgrade Alert for Alpha Natural Resources (ANR)
3 hours 55 minutes ago - Comtex SmarTrend(R) via Comtex
Alpha Natural Resources (NYSE:ANR) was downgraded from Buy to Hold at Brean Murray today. The stock closed yesterday at $14.85 on volume of 17.1 million shares, above average daily volume of 13.1 million. Alpha Natural Resources, Inc. extracts, processes, and markets steam and metallurgical coal. The Company conducts operations from surface and underground mines located in the northern and central Appalachian regions and Colorado, all located in the United States. Alpha Natural Resources markets its coal to electric utilities, steel and other industrial producers.
In the past 52 weeks, Alpha Natural Resources share prices have been bracketed by a low of $13.80 and a high of $59.20 and closed yesterday at $14.85, 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has slid 2.5%.
Alpha Natural Resources (NYSE:ANR) has potential upside of 60.4% based on a current price of $14.85 and analysts' consensus price target of $23.82. The stock should find initial resistance at its 50-day moving average (MA) of $16.30 and further resistance at its 200-day MA of $23.07.