Sterling Investment Services for all your stock and options trading needs. Stock Tips

Stock and Option Trading Ideas
 

Search

Stock & Bonds Investments Advice

 

Market Data and Free Tools

Markets Overview
Market Momentum
NASDAQ
Commodities
52 Week Highs
52 Week Lows
Volume Leaders
Price Advances
Price Declines
Percent Advances
Percent Declines

Symbol Lookup
Custom Quotes
Custom Portfolio





PRIME STOCK NEWSLETTER FOR DECEMBER 23rd, 2009

(If you do not see today's edition, please hit the refresh button)

Position Statement: In our Prime Recommendation Letter we attempt to identify the recommendation with the highest probability of moving higher.  We recommend that stop orders be placed at the time of purchase,  and once the position has moved profitable we recommend a stop be placed a minimum of $0.375 above the purchase price and moved higher as the position moves higher.

Today's Comments: The overall market finished Tuesday moderately higher in a broad based move that saw the majority of the sector indices I track move higher on the day. There was strength in the Airlines, Biotech, Disk Drive Manufacturers, Broker/Dealers, Insurance, Networking, Commodities, Transports, COnsumer, Chemicals, Natural Gas, and Healthcare related indices. There was weakness in the Utilities, and Oil Services indices. The Banking indices were mixed. Interest rates moved sharply higher as bonds saw weakness.



Recommendation: Buy

Patriot Coal Corporation 'PCX'

Company: Patriot Coal Corporation Symbol: 'PCX' Closing Price: $14.70

Web: www.patriotcoal.com

YH: $12.98 YL: $2.76 EPS: $2.25 P/E: 6.5

Shares Outstanding: 90 Million

Forecasted EPS: ($1.01) Market Cap.: $1.3 Billion
Dividend: N/A Yield: N/A Aver. Daily Trading Volume: 4.8 Million Shares  
Price Targets:  $16.14 and then $16.56 Downside Stop:  $13.87/share
Options Rec.: Option Data Unavailable This Morning Options Symbol: N/A

Additional information on Patriot Coal Corporation 'PCX' can be found (here)

Company Description: Patriot Coal Corporation engages in the production and sale of thermal coal in the United States. It has operations and coal reserves in Appalachia and the Illinois Basin. The company provides its thermal coal to electric utilities, as well as metallurgical coal to steel mills and independent coke producers. It has 16 company-operated mines, contractor-operated mines, and coal preparation facilities that are located in northern West Virginia, southern West Virginia, and western Kentucky. As of December 31, 2008, the company controlled approximately 1.8 billion tons of proven and probable coal reserves. Patriot Coal Corporation, through its subsidiary, Magnum Coal Company, operates 11 coal mines and 7 preparation plants with production from surface and underground mines located in Appalachia, as well as controls approximately 600 million tons of proven and probable coal reserves. The company is based in St. Louis, Missouri..

Chart for Mosaic Company

Chart updates daily

Recent News:
12/16 Coal Stocks Fail to Break Out Despite Bullish Calls Indie Research (Wed, Dec 16)
  12/09 EPA Announcement and Coal Stocks at Investopedia (Wed, Dec 9)
  11/23 Vining to sell up to 70,000 Patriot shares at bizjournals.com (Mon, Nov 23)
A full list of the news headlines for Patriot Coal Corporation 'PCX' can be found (here)

Our Analysis: The shares of Patriot Coal Corporation 'PCX' set a new yearly closing high yesterday. In the process of moving higher over the course of the last couple of weeks the shares of 'PCX' have completed a series of "cup patterns" to our stated price targets of $16.14 and $16.56/share. I see downside support on the shares of 'PCX' @ $14.30 and have set my stops accordingly at $13.87/share.


Stocks Looking Higher
VSH, RMBS, XRTX, IBM, DE, IOC, SY, SHLD, COV, SF, CNQR, OSIS, HPQ, ALK, VRTX, PCX, GWR, HD, CLVT, IMA, PXD, SLXP, AMR, NVDA, YGE, HTZ, JDSU, LTD
Stocks Looking Lower
MOT, GLD, MGM, PBR, NEM, DUK, FDX

Yesterday's Edition of the Prime Stock Newsletter
The Sterling Investment series of newsletters is produced by Sterling Investment Services, Inc.  If you would like to receive a chart on any index or stock mentioned in this report please contact us at the below mentioned numbers.  We also offer custom research reports on any stock investment that you may desire information on.  To receive further information on these services please visit our web page at:  www.sterlinginvestments.com   If you would like to contact us our # is 800-275-6901,  fax # (404)-816-8830  Email address is: enelson@sterlinginvestments.com  Sterling Investment Services may hold positions in the securities recommended or may be providing consulting services to the companies mentioned within this report.
Copyright 1992-2009 Sterling Investment Services, Inc.
P.O.  Box 191767, Atlanta, GA. 31119-1767
Fax 404-816-8830
404-816-8240

Sterling Logo
Providing Investment Banking Consulting Services to Public Companies


 

 

1999 - 2009 Copyrighted, All Rights Reserved