Coal stocks continue to run higher Monday afternoon. The Market Vectors Coal Fund (KOL) is up $2.24 to $21.25 and recently moved to session highs of $21.40 per share–its best levels since mid-October. The race higher comes after Goldman Sachs upgraded the coal group to attractive. In addition to KOL, a number of individual names are seeing increasing options activity. Foundation Coal (FCL) was mentioned this morning. Massey (MEE), Peabody (BTU), and Arch Coal (ACI) are also seeing bullish order flow late Monday.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.