Alpha Natural Resources, Inc. (NYSE:ANR) is consolidating in a bullish pattern on the intra day chart. This may be setting up for a pop later today and could signal a short term bottom in the stock. ANR has fallen from a 52 week high of $45.10 to a low of $5.75. There is an over abundance of bearish sentiment on the coal stocks. Recently Patriot Coal filed for bankruptcy and yesterday Cliffs Natural Resources Inc (NYSE:CLF) reported earnings. Cliffs Natural Resources fell on earnings, trading at $37.23, -3.92 (-9.53%).
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