Patriot Coal (PCX), together with its subsidiaries, is a producer of thermal coal in the eastern U.S., with operations and coal reserves in the Appalachia and the Illinois Basin coal regions. This stock is trading up 14% to $9.91 in recent trading.
Today's Range: $9.32-$10.0752-Week Range: $6.92-$29.20 Volume: 4,128,000 Three-Month Average Volume: 7,722,710 From a technical standpoint, this stock is starting to bounce big today off of extreme oversold levels. Just a few trading sessions ago, the RSI reading for PCX hit near 30, which indicates an oversold condition. Market players should now watch for the next buy point to trigger once PCX can clear its 50-day moving average of $10.02 on high volume. Look for a sustained move and close over $10.02 on volume that's tracking in close to or above 7,722,710. If we get that action, then look for this stock to quickly challenge $12.50 to $13.50 in the near future. Patriot Coal was also featured in "5 Breakout Trades to Avoid Eurozone Fallout."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV