Put Some KOL in Your Stocking

By
A A A

Market Vectors Coal ETF (NYSE: KOL ) - This exchange-traded fund (ETF) seeks to replicate the price and yield performance of the Stowe Coal Index. The fund, which normally invests at least 80% of total assets in equity securities in the coal industry, bottomed several years ago at under $10.

I first recommended KOL as the Trade of the Day about this time last year, when it was trading at $36.40, saying, "KOL appears to be under heavy accumulation and will likely make another new high soon above $40. For long-term buyers, KOL represents a solid investment in the returns of the coal industry."

The fundamentals of this play are still solid, and yesterday KOL broke to new highs on a breakaway gap with heavy volume.


Traders may go after KOL now with a target of $50, and longer-term investors should take a half position now and add to it if profit-taking drives the ETF back to $44.

Trade of the Day - KOL Chart

Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Stocks

Referenced Stocks: ETF , KOL

Sam Collins

Sam Collins

More from Sam Collins:

Related Videos

Vox Media Acquires Re/Code
Vox Media Acquires Re/Code          

Stocks

Referenced

67%
100%

Most Active by Volume

68,295,916
  • $16.74 ▲ 1.45%
62,491,455
  • $45.93 ▼ 24.20%
60,733,203
  • $57.155 ▲ 21.81%
44,713,396
  • $132.045 ▲ 1.87%
38,827,100
  • $5.28 ▲ 7.32%
33,433,686
  • $67.38 ▲ 1.94%
31,309,870
  • $34.95 ▲ 0.81%
28,346,742
  • $8.60 ▲ 1.06%
As of 5/27/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com