Walter Energy Shares Down 6.3% Since SmarTrend's Sell Call (WLT)
SmarTrend identified a Downtrend for Walter Energy (NYSE:WLT) on October 31st, 2012 at $35.60. In approximately 1 month, Walter Energy has returned 6.32% as of today's recent price of $33.35.
In the past 52 weeks, shares of Walter Energy have traded between a low of $28.01 and a high of $76.95 and are now at $33.31, which is 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 1.4%.
Walter Energy, Inc. mines coal. The Company produces metallurgical and steam and industrial coal,, manufactures blast furnace, foundry, industrial and buckwheat coke, and produces light oil, coal tar, and ammonium sulfate. Walter Energy also degasifies coalbeds and sells the gas to a utility.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Walter Energy.
Log in and add Walter Energy (WLT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
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