StockCall.com Provides Stock Research on Vale S.A., Alpha Natural Resources Inc., Arch Coal Inc., and Molycorp Inc.
New York City, New York -- (May 17, 2013)
The slowdown in the Chinese economy last year had a significant impact on the mining industry. Over the past 15 years, China has been the biggest consumer of raw materials. In fact, the country’s huge appetite for raw materials was the biggest reason for the decade-long bull’s run in commodities. However, the Chinese economy is not expected to grow at the same pace it did in the past decade as evidenced by recent economic data. This has forced several mining companies to rethink their strategy. Global mining companies have been looking to bring down costs and close unsustainable mines in order to adapt to the changing market dynamics. Despite these efforts, the outlook for mining companies remains gloomy. On Thursday, shares of metal and mining companies ended mostly lower as the broad market struggled. Among the major movers were Vale SA (NYSE: VALE), Alpha Natural Resources Inc. (NYSE: ANR), Arch Coal Inc. (NYSE: ACI), and Molycorp Inc. (NYSE: MCP). StockCall analysts initiated preliminary technical research on VALE, ANR, ACI, and MCP. These free reports are accessible by signing today at
www.stockcall.com/register
Shares of Vale SA edged lower on Thursday, tracking losses in the broad market. The stock traded between $15.49 and $15.90 before finishing the day 1.89% lower at $15.58 on above average volume of 22.29 million. Vale’s shares have now fallen nearly 7.40% in the last three sessions. The stock is currently trading close to its 52-week low of $15.47. The company’s shares have seen a series of lows over the past week which is a bearish signal. The stock’s MACD has also crossed below the signal line and the zero-line which further confirms the negative trend. The free technical analysis on VALE is available by signing up at
www.StockCall.com/VALE051713.pdf
Alpha Natural Resources Inc.’s shares edged higher in trading yesterday. However, the gains were limited. The stock closed 0.15% higher at $6.79 on above average volume of 19.16 million. Despite the gains on Thursday, Alpha Natural Resources’ shares have fallen more than 3.10% in the last three trading sessions. The stock is currently trading below its 50-day and 200-day moving averages which is a bearish signal. The stock’s MACD has crossed below the signal line which further confirms the downbeat trend. Year-to-date, shares of ANR have fallen nearly 30.30% as compared to a gain of more than 15.70% for the S&P 500. Register now to download the free research on ANR at
www.StockCall.com/ANR051713.pdf
Shares of Arch Coal Inc. fluctuated between gains and losses on Thursday before finishing the day flat at $4.96 on volume of 8.06 million. Arch Coal’s shares are currently trading close to their 52-week low of $4.47. The stock is also trading below its 50-day and 200-day moving averages which is a bearish signal. The negative trend is further confirmed by its MACD chart. Shares of ACI have fallen nearly 31.90% so far in 2013, even as the broad market has rallied. Free report on ACI can be accessed by registering at
www.StockCall.com/ACI051713.pdf
Molycorp Inc.’s shares fell sharply in yesterday’s trading session. The stock ended the day 2.96% lower at $6.56 on above average volume of 11.6 million, taking its losses in the last three sessions to more than 7.30%. Molycorp’s shares have seen a series of lows in the past week which is a bearish signal. The negative trend is further confirmed by the volume activity this week. Shares of MCP currently have support at around $6.Register withStockCall and download the research on MCP for free at
www.StockCall.com/MCP051713.pdf
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