International Coal (NYSE:ICO) is one of today's best performing low-priced stocks, up 2.4% to $4.60 on 0.1x average daily volume. Approximately 232,000 shares have traded hands today vs. 30-day average volume of 1.9 million shares.
High volume often signals a change in trends. Shares of International Coal are currently trading above their 50-day moving average (MA) of $4.14 and above their 200-day MA of $4.35.
SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.
International Coal is in SmarTrend's Coal industry and this industry is currently in an Uptrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Uptrend and price prediction.
SmarTrend is bullish on shares of International Coal and our subscribers were alerted to buy on June 21, 2010 at $4.42. The stock has risen 4.1% since the alert was issued.