Cloud Peak Energy, Inc. CLD NYSE
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Penny Stock Cloud Peak Energy Inc. (CLD)

Penny Stock Cloud Peak Energy Inc. (CLD)

Cloud Peak Energy, Inc. CLD NYSE

Cloud Peak Energy Inc. (CLD) came public at $14.54 in 2009 and ground sideways in a narrow range pattern into a 2014 breakdown that posted a series of new lows into the January 2016 all-time low print at 1.08. The subsequent recovery wave mounted the 200-day EMA in July, signaling a new uptrend, with subsequent price action reaching the August 2015 high at $4.79.

Look for a reversal because a 100% retracement of a prior decline signifies resistance, with the next pullback set to offer a low-risk buying opportunity.

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Cloud Peak Energy

A test at 200-day EMA support makes sense so look for the decline to target the July 29 breakout gap between $2.75 and $2.90 (red lines). A bounce starting at or near that level could generate rally momentum, lifting the stock well above the prior high and into the May 2015 high at $7.39.

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Cloud Peak Energy Inc. (NYSE: CLD) is a firm headquartered in Gillette, Wyoming which mines coal in the Powder River Basin. The company was formed as a corporate spin-off from Rio Tinto Energy America in 2009.In its 2009 Annual Report Rio Tinto stated that it held a 48.3% stake in Cloud Peak Energy and its directly owned mines. Cloud Peak Energy also has a 50% stake in the Decker Coal Company, which operates the Decker Mine in Montana

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Richard Dambrosi (JADTECNIC) Has Been Sharing Forex Analysis Trending Markets News since 2011. Editors and Founder of , has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars , Electric Cars, Medical Marijuana , 3d printing and Cloud computing , Refers to Readers as BUZ INVESTORS.

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