Are American Airlines Group Inc (AAL) and Alpha Natural Resources Inc (ANR) At Opposite Ends Of the Scale?
New York, NY – GDP INSIDER – 03/24/2015.
This article discusses two companies: American Airlines Group Inc (NASDAQ:AAL) and Alpha Natural Resources Inc (NYSE:ANR)
American Airlines Group Inc (NASDAQ:AAL) fell back slightly yesterday reversing some of Friday’s gains with the stock closing down 2.45% or $1.36 at $54.40 on very active trading volume of 18.080 million shares, compared to its three month average trading volume of 13.954 million. The holding company for American Airlines and US Airways share price got a huge boost on Friday when it got placed into the S&P 500 index, a move that showcased how far the company has come since emerging from bankruptcy in December 2013. The stock has now gained 52.03% since the beginning of this year, most of those gains coming in this month. With RSI of 64.47 and its MACD starting to converge, the stock looks like it has now found its new trading level and may fall back a bit further before leveling out. Definitely a hold at least while oil prices are still depressed.
Alpha Natural Resources Inc (NYSE:ANR) started to rally yesterday with the stock reversing its current downward trend to gain 9.85% or $0.816, to close at $0.91 with more than 6.237 million shares changing hands, compared to its three month average trading volume of 6.191 million. The metallurgical coal mining and distribution company is suffering from an overall decline in the price of coal, fuelled by coal production levels that are close record highs. The stock has seen its value drop by 45.50% so far this year, vastly underperforming the S&P 500 index which is up 2.20% for the same period. With declining quarter revenue growth of -2.90% and RSI of 39.1 the stock is definitely on the lower end of its value, but unless there is a significant shift in the coal sector as a whole, it is better to sell than hold this stock at this time.
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