Watch for Shares of Peabody Energy (BTU) to Approach Support at $23.98
Shares of Peabody Energy (NYSE:BTU) opened today below their pivot of $25.57 and have already reached the first level of support at $24.58. Should the shares continue to fall, the support pivots of $23.98 and $22.39 will be of interest.
In the past 52 weeks, shares of Peabody Energy have traded between a low of $18.78 and a high of $38.96 and are now at $24.51, which is 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.4%.
Peabody Energy (NYSE:BTU) has potential upside of 38.6% based on a current price of $24.51 and analysts' consensus price target of $33.97. Peabody Energy shares should first meet resistance at the 200-day moving average (MA) of $25.16 and find additional resistance at the 50-day MA of $26.33.
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