Coal stocks had a big day on Friday driven by JRCC’s bullish earnings. In fact, JRCC has a massive volume day (5x normal) and on a weekly chart broke out of previous resistance on the price by volume bars(seen below). It’s bumping right up against it’s 200 ma on a daily chart, so it may find a little resistance, but these stocks have the potential to run and not look back.
Other stocks in this sector are PCX FCL BTU ANR MEE to name a few.
