'Oversold' Coal Mining Stock Due For a Rebound
Thu, Nov 28, 2024 6:02 PM

'Oversold' Coal Mining Stock Due For a Rebound

A Flip by Shubhangi Gupta
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Peabody Energy Corp (NYSE:BTU) stock has been chopping lower since its Nov. 6 52-week high of $29.94, down 10% in just the last week. The shares could be headed for a short-term bounce, however, as the pullback has them running into a short-term "buy" signal. BTU just moved below the bottom band of its 20-day Bollinger Bands.

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