Today's Technical View: Vale S.A., Alpha Natural Resources, Molycorp, and Arch Coal
LONDON, July 25, 2013 /PRNewswire/ --
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Shares in industrial metals & minerals companies also ended mostly lower on Wednesday, July 24, 2013, tracking the broader market which also closed in the red. The major movers in the industry included Vale S.A. (ADR) (NYSE: VALE), Alpha Natural Resources Inc. (NYSE: ANR), Molycorp Inc. (NYSE: MCP), and Arch Coal Inc. (NYSE: ACI). All these companies are tracked by AAAResearchReports.com. Free in-depth technical analysis on VALE, ANR, MCP, and ACI are currently available upon sign up at:
http://www.aaaresearchreports.com/register/
Shares in Vale S.A. fell sharply on Wednesday, reversing some of their gains for the week. The company's shares fluctuated between $14.10 and $14.43 before finishing the day 1.59% lower at $14.23. A total of 18.78 million shares were traded which is slightly above the daily average volume of 18.61 million. Vale's shares have gained 2.97% so far this week as compared to a loss of 0.36% in the S&P 500. Sign up for free technical analysis on VALE at:
http://www.AAAResearchReports.com/VALE072513.pdf
Alpha Natural Resources Inc.'s stock tumbled on Wednesday, ending the session at $5.51, down 6.29% from its previous closing price. The company's shares fluctuated between $5.37 and $5.85. A total of 14.85 million shares were traded which is above the daily average volume of 10.99 million. Despite Wednesday's sharp decline, Alpha Natural Resources' shares have gained 9.11% in the last one month as compared to a gain of 7.17% in the S&P 500. Download free report on ANR by registering at:
http://www.AAAResearchReports.com/ANR072513.pdf
Shares in Molycorp Inc. plunged on Wednesday, finishing 6.57% lower at $7.39 after oscillating between $7.30 and $8.02. A total of 12.10 million shares were traded which is above the daily average volume of 6.34 million. Despite Wednesday's sharp decline, Molycorp's shares have gained 6.03% so far this week and 43.77% in the last one month, thus outperforming the S&P 500 during the respective periods. Moreover, the stock is currently trading above its 50-day moving average. The free report on MCP can be downloaded by signing up now at:
http://www.AAAResearchReports.com/MCP072513.pdf
Arch Coal Inc.'s shares oscillated between $3.87 and $4.17 before closing the day 7.14% lower at $3.90. A total of 13.42 million shares were traded which is above the daily average volume of 10.14 million. The Company's shares have declined 3.47% in the last three trading sessions, underperforming the S&P 500. Despite the recent losses, the company's shares have managed to advance 6.85% in the last one month as compared to a gain of 7.17% in the S&P 500. A free report on ACI can be accessed by registering at:
http://www.AAAResearchReports.com/ACI072513.pdf
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SOURCE AAA Research Reports
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