Ride the Coal Train With KOL

By
A A A
Share |

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 its total assets in equity securities in the coal industry, bottomed several years ago at under $10.

The Trade of the Day last recommended KOL on Dec. 22, at around $44, after the ETF traded up to new highs on a breakaway gap with heavy volume.

Now, following a consolidation at just under its 20- and 50-day moving averages below $48, KOL broke out again, this time from $50 with a new target of $56.

Hold KOL if you own it, and buy it as a long-term investment if you don't. Short-term traders should consider buying the KOL May 52 Calls at $1.75 with a target of $4.

Trade of the Day - Market Vectors Coal ETF (NYSE: 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

Stocks

Referenced

Most Active by Volume

72,157,294
  • $61.36 ▼ 2.65%
56,535,455
  • $34.92 ▼ 3.78%
49,608,479
  • $4.42 ▼ 3.07%
49,328,445
  • $25.91 ▼ 3.18%
48,932,529
  • $16.37 ▲ 0.49%
38,182,422
  • $3.17 ▼ 1.55%
33,297,581
  • $73.86 ▲ 1.37%
32,790,375
  • $47.43 ▼ 1.02%
As of 4/23/2014, 04:07 PM