Peabody Energy (BTU) Approaches New Downside Target of $25.60
Shares of Peabody Energy (NYSE:BTU) have bearishly opened below the pivot of $26.22 today and have reached the first support level of $25.98. Investors may be interested in a cross of the next downside pivot targets of $25.60 and $24.98.
Over the past year, Peabody Energy has traded in a range of $18.78 to $38.96 and is now at $26.19, 39% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.6%.
Peabody Energy has overhead space with shares priced $26.19, or 20.5% below the average consensus analyst price target of $32.93. Peabody Energy shares should encounter resistance at the 50-day moving average (MA) of $26.46 and support at its 200-day MA of $25.48.
SmarTrend is monitoring the recent change of momentum in Peabody Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Peabody Energy in search of a potential trend change.
Keywords: pivot alerts Peabody Energy