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Again, 3 of them, CEIX, AMR and HCC, are in the coal industry. List is sorted by current close/lowest price past 250 days. VIST is 3.4x its yearly low.

I want my students to study this weekly chart of CEIX.  On September 1, my guest speaker and former student, Richard Moglen, suggested this stock as a possible rising buy and hold stock  for my class to consider. I assign many of Richard’s videos to my students.

CEIX, in fact,  exemplifies a number of the technical characteristics of advancing stocks that I look for. First, the 4wk avg>10wk avg>30 wk avg. It is in a Stage 2 up-trend. It also has a yellow band pattern, having also closed above its 10 week average repeatedly. It  also  has  several  weekly  green bars,  having bounced up off of its rising 4 week average. And most important, it is above its last green line top, reaching ATHs, and had a GLB (green line break-out) in August.

This daily chart shows that CEIX never closed below its green line after its GLB. Note the second possible entry at the black dots, designating oversold bounces.

It is pretty persuasive when many of the stocks doing well come from the same industry. Here is the list of 9, sorted by Wednesday’s close/lowest price the past year. Two of them ( APOS and AESI) are IPOs within the past year and have a “…” result. Coal is hot! Even XOM made the list!

When all looks weak, it is easier to see the potential new leaders because they show up on the all-time high (ATH) list. When the market turns up, some may take off.

One of them, SGEN, has a recent GLB and volume spikes on up days (black bars). It is worth researching. It is a biotech with no earnings and may be a takeover candidate.