Saved by the 50 Day MA!

It seems like every oil/gas stock and every coal stock has been saved by the 50 Day MA!
All I can say is, BUY, BUY, BUY!

For Oil and Gas, keep buying: CHK, UPL, ECA, RES, SWN, GMXR, ARD, PDC, and EQT

For Coal, keep buying: CNX, BTU, ACI, MEE and a little of WLB and NSP. Remember to sell MEE before earnings and rebuy afterwards! PAy special attention to the COAL stocks! This is because unlike the oil and gas stocks that have recieved heavy institutional buying, coal stocks are just starting to be discovered! What I am trying to say is, if you've been amazed by coal's run-up, you ain't seen nothing yet!

Arch Coal (ACI) 3 month chart













Consol Energy (CNX) 3 month chart













Peabody Energy (BTU) 3 month chart













Massey Energy (MEE) 3 month chart


Now if you've noticed, MEE has taken a larger hit than the other coal titans. This is due to a number of factors, including analyst downgrades, profit taking and less-than-stellar earnings warning. If the stock can't climb back up to the 50day MA, either short it and buy after earnings. I still like the stock, but I really will love it after earnings and in 2006 when the stock buy back commences!


Alliance Resource Partners (ARLP) 3 month chart



Like MEE, ARLP has taken a big beating as well. I don't like the fact that the stock has fallen below the 50day MA. My first impression is that the profit taking sell off in the other stocks has rubbed off on ARLP even harder since it is thinly traded compared to the rest. At least the stock bounced back a little. If it can't hang back on the 50 Day MA, then forget it! You can't waste your time or money on stocks that suck, while their competitors are ripping it!


Fording Canadian Coal Trust (FDG) 3 month chart


After the 3 for 1 split, FDG got hammered pretty badly. Profit taking and manipulation took its toll and now the stock has finally made it to the 50day MA. I fully expect FDG to rebound with increased institutional buying and ownership. FDG needs this to propell it to the 50 dollar range. I believe it can pull it off!




Foundation Coal Holdings (FCL) 3 month chart


FCL is a coal stock that I haven't mentioned before because I didn't like it. I still don't like it. I may like it though, if it bounces back and continues to climb the 50day Ma. Keep an eye on it!






Westmoreland Coal (WLB) 3 month chart


WLB is a nice little coal stock on the AMEX. Although I like the stock, I'd like to see the 50day Ma follow rising stock price. I say Strong Buy once the stock chart start to shape up! Keep an eye on it though! There is huge potential in this company!






Special Pick!

KFX Inc (KFX) 3 month chart


I really like this stock. I have been following it since it dipped down (around $15). I hesitated in buying the stock because it wasn't displaying the strength that I wanted to see. I believe that soon, especially with the ACI partnership, the stock is going to enter a new uptrend! Keep an eye on the stock price and the direction of the 5o day MA! I am going to buy some when I see it reach my 18 dollar buy point!