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Next Support Level for Peabody Energy (BTU) is $24.56

Written on Wed, 01/30/2013 - 12:54pm
By Shiri Gupta

Shares of Peabody Energy (NYSE:BTU) opened today below their pivot of $26.36 and have already reached the first level of support at $25.52. Analysts will be watching for a cross of the next downside pivot targets of $24.56 and $22.76.

Over the past year, Peabody Energy has traded in a range of $18.78 to $38.96 and is now at $25.55, 36% above that low. The 200-day and 50-day moving averages have moved 0.1% lower and 0.04% lower over the past week, respectively.

Peabody Energy has overhead space with shares priced $25.55, or 24.7% below the average consensus analyst price target of $33.92. The stock should find resistance at its 50-day moving average (MA) of $25.96, as well as support at its 200-day MA of $24.99.

SmarTrend is tracking the current trend status for Peabody Energy and will alert subscribers who have BTU in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts Peabody Energy

Ticker(s): BTU

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