Another coal stock that looks poised to break out is Patriot Coal (PCX). This company is a producer of coal in the eastern U.S., with operations and coal reserves in Appalachia and the Illinois Basin. Traders should watch for a move above $26.25 and $29.20 a share. If the stock can trade above those levels, then it could set up to make a run towards its next significant resistance level at $40 a share.
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