Early Briefing and Review: Vale S.A., Alpha Natural Resources Inc., Arch Coal Inc., and Molycorp Inc.
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LONDON, October 30, 2013 /PRNewswire/ --
On Tuesday, October 29, 2013, all three benchmark indexes of the US equity market closed higher with the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite rising 0.56%, 0.72%, and 0.31%, respectively. Shares in the industrial metals and minerals industry mostly ended on a lower note, even as the broader market advanced. The major movers included Vale S.A. (NYSE: VALE), Alpha Natural Resources Inc. (NYSE: ANR), Arch Coal Inc. (NYSE: ACI), and Molycorp Inc. (NYSE: MCP). AAAResearchReports.com has released free charting and technical research on these aforementioned companies. Register to read these reports at:
http://www.aaaresearchreports.com/register/
Vale S.A.'s shares ended the day 0.28% lower at $16.19, after oscillating between $16.00 and $16.22. A total of 10.83 million shares were traded, which is below the daily average volume of 18.07 million. Despite Tuesday's losses, the company's stock has gained 3.78% in the last one month and 14.66% in the previous three months, compared to a gain of 4.74% and 5.14% in the S&P 500 during the respective periods. Furthermore, Vale SA's stock is trading above its 50-day moving average of $15.76. Sign up for free report on VALE at:
http://www.AAAResearchReports.com/VALE103013.pdf
Shares in Alpha Natural Resources Inc. fell by 0.76% on Tuesday, even as the broader market posted gains. The company's shares closed the day at $6.54, after trading between $6.30 and $6.75. A total of 8.32 million shares were traded, which is below the daily average volume of 10.46 million. Despite Tuesday's pullback, Alpha Natural Resources Inc.'s stock has gained 7.57% in the last one month and 16.99% in the previous three months, outperforming the S&P 500, which has gained 4.74% and 5.14% during the respective periods. Additionally, the company's shares are trading above their 50-day moving average of $6.16. ANR free technical report can be accessed by signing up at:
http://www.AAAResearchReports.com/ANR103013.pdf
On Tuesday, Arch Coal Inc.'s stock edged lower to close at $4.15, down 0.24% from the previous day's closing price of $4.16. The company's shares oscillated between $3.93 and $4.26 during the trading session. A total of 18.76 million shares were traded, which is above the daily average volume of 8.91 million. Despite Tuesday's losses, Arch Coal Inc.'s stock has gained 1.22% in the previous three trading sessions and 0.73% in the last three months, compared to a gain of 1.13% and 5.14% in the S&P 500 during the respective periods. Further, the company's stock is trading below its 50-day and 200-day moving averages of $4.40 and $4.91, respectively. A free report on ACI can be accessed by registering at:
http://www.AAAResearchReports.com/ACI103013.pdf
Molycorp Inc.'s stock closed at par with the previous day's closing price of $5.15 on Tuesday, even as the broader traded posted gains. The company's shares oscillated between $5.10 and $5.20 during the trading session. A total of 3.94 million shares were traded, which is below the daily average volume of 7.42 million. The company's shares have fallen by 4.28% in the previous three trading sessions, underperforming the S&P 500, which has advanced 1.13% during the same period. Moreover, Molycorp Inc.'s stock is trading below its 50-day and 200-day moving averages of $6.42 and $6.44, respectively. Register with AAA Research Reports and download research on MCP for free at:
http://www.AAAResearchReports.com/MCP103013.pdf
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SOURCE AAA Research Reports
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