Bullish Stock: Peabody Energy Corp. (BTU)

Hello fellow traders, I found a great stock that probably would go higher. The company is Peabody Energy Corp (BTU). It has a great ROE (18.64%) and its EPS has grown 80.56% during past 5 years. It signs a good fundamental. The ticker itself has crossed its 50 moving averages but it got a huge buy volume yesterday so I think this stock will rebound and go back to its resistance (around $54) or even higher after the major markets show improvement. The signal will become stronger when BTU crosses back above its 50 moving averages.

Have a great day!

Posted in: Bullish Stock According To Technical Analysis