CONSOL Energy, Inc. produces coal and natural gas for
energy and raw material markets. The company is involved in the mining,
preparation, and marketing steam coal primarily to electric power
generation industry; and metallurgical coal to steel and coke producers.
Its coal products comprise thermal, high volatile metallurgical, low
volatile metallurgical, and other coal. In addition, the company
explores for unconventional gas, including coalbed methane, Marcellus,
Utica, Chattanooga, Huron and New Albany shales. The company sells its
natural gas principally to gas wholesalers. Further, it provides energy
services, such as industrial supply services comprising distribution of
mining, drilling, and industrial supplies, as well as integrated supply
procurement and management services; terminal services that include
storing coal or loading coal directly into vessels from rail cars; river
and dock services that transport coal from river loadout facilities
through towboats, harbor boats, and barges; and water services that
provide water for industrial use.
To review CONSOL's stock, please take a look at the 1-year chart of CNX (CONSOL Energy, Inc.) below with my added notations:
CNX has created one important price level to watch. After trending
higher over the last (4) months (navy), the stock has formed a clear
resistance at $35 (red), which was also a common support level (green)
prior to that. If the stock could break above $35 it would be breaking
to an 8-month high. CNX is currently testing that $35 resistance.
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