Cloud Peak Energy, Inc. CLD NYSE
Market Trends

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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Jadtecnic
Richard Dambrosi (JADTECNIC) Has Been Sharing Forex Analysis Trending Markets News since 2011. Editors and Founder of InvestorsBuz.com , 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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