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Downgrade Alert for Alpha Natural Resources (ANR)

By Nick Russo

Alpha Natural Resources (NYSE:ANR) was downgraded from Neutral to Sell at UBS today. The stock closed yesterday at $4.88 on volume of 18.7 million shares, above average daily volume of 10.6 million.

Potential upside of 29.3% exists for Alpha Natural Resources, based on a current level of $4.88 and analysts' average consensus price target of $6.31. The stock should find initial resistance at its 50-day moving average (MA) of $4.92 and further resistance at its 200-day MA of $5.93.

In the past 52 weeks, Alpha Natural Resources share prices have been bracketed by a low of $4.12 and a high of $8.40 and closed yesterday at $4.88, 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.2%.

Alpha Natural Resources, Inc. extracts, processes, and markets steam and metallurgical coal. The Company conducts operations from surface and underground mines located in the northern and central Appalachian regions and Colorado, all located in the United States. Alpha Natural Resources markets its coal to electric utilities, steel and other industrial producers.

SmarTrend recommended that its subscribers protect gains by selling shares of Alpha Natural Resources on January 24th, 2014 by issuing a Downtrend alert when the shares were trading at $6.01. Since that call, shares of Alpha Natural Resources have fallen 18.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades Alpha Natural Resources

Ticker(s): ANR