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Technical Analysis
- 11/20/2009 8:54:59 AM
By Chip Brian, SmarTrend Analytics Team
Peabody Energy (NYSE:BTU) downgraded to Buy from Conviction Buy at Goldman. The stock closed yesterday at $45.96 on volume of 5,274,100 shares, below average daily volume of 6,047,552.
Peabody Energy is currently above its 50-day moving average of $40.82 and above its 200-day moving average of $32.70.
SmarTrend is bullish on shares of BTU and our subscribers received an Uptrend alert on July 16, 2009 at $32.27, which has returned 42.4% to date.
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