Peabody Energy Corporation is a coal company, which is engaged in the mining of thermal coal for sale primarily to electric utilities and metallurgical coal for sale to industrial customers. Its mining operations are located in the United States and Australia. Its segments are Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. It also markets and brokers coal from other coal producers, both as principal and agent, and trades coal and freight-related contracts through trading and business offices in Australia, China, Germany, India, Indonesia, the United Kingdom and the United States. Its other energy-related commercial activities include participating in operations of a mine-mouth coal-fueled generating plant, managing its coal reserve and real estate holdings, evaluating Btu Conversion projects and supporting the development of clean coal technologies.
Summary This hasn't broken out of its Stage 2 uptrend, but it did close below it. I don't like that big volume drawdown on 12/28/22 which really made a mess of the contraction count. Also, it closed below its 50-day MA and closer to the…
After a pretty massive 655% gain with big volume last year to start its stage 2, it went into a big cup and handle base 1. From its peak to the bottom of the cup, it fell about 56%. However, it staged a good recovery…