NEW YORK (TheStreet) -- Peabody Energy (BTU - Get Report) shares are tanking by 14.81% to $2.3 in Tuesday's early afternoon trading session, as coal futures look grim, Barron' reports.

JPMorgan (JPM) cited an abundance of shale gas and added that there's a "limited" demand for coking coal in the U.S. and globally, according to Barron'

In addition, analysts added that they expect Peabody Energy to post a loss of 37 cents for the 2016 full year.

Based in St. Louis, Peabody Energy is a private-sector coal company that operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments.

The Street's Bryan Ashenberg and Bob Lang of Trifecta Stocks have identified Peabody Energy as the "Chart of the Day." Here is what Ashenberg and Lang had to say about the company:

About a week ago we profiled Arch Coal here, and the stock more than doubled in that amount of time. Now, Peabody Energy has started to make a move as well.

Peabody has shown some amazing relative strength amid a horrid market decline and brief recovery. The %R shows overbought now, but look at the impressive turnover that has seen buyers fawning all over this stock. The first target here looks like the 200-day Moving Average, about 90% higher from yesterday's close.

-Bryan Ashenberg and Bob Lang's "Chart of the Day: BTU" was originally published on 09/01/2015 on Trifecta Stocks.

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