Peabody Breaks P&F Support as Coal Loses Favor



Coal stocks were hit with selling pressure after the TVA announced the closing of eight coal-fired power plants. The 60-minute P&F chart shows BTU breaking Quadruple Bottom support and sporting a downside price objective of 18.65. Note that chartists can change the period settings and price fields underneath the chart. You can read all about P&F charts in our ChartSchool.

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