Don't Ignore This Chart!

Two Key Moving Averages Define the Trend for the Coal ETF


The Coal ETF (KOL) got a summer bounce, but stalled in the autumn and then hit resistance from the falling 200-day moving average. The 50-day moving average joined the battle as it met the 200-day at the end of December. With a sharp downturn the last three days, KOL appears to be resuming its long-term downtrend and heading for a test of the summer lows. The indicator window shows the StockCharts Technical Rank (SCTR) plunging back to its lows as KOL underperforms the rest of the market.

Click this image for a live chart

Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus