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 [wp=588]Vale S.A. (ADR)[/wp] (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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