Shares of Yanzhou Coal Mining Under Pressure, Down 4.1%

Date:2011-09-15     Source:xuxinlile  Text Size:

Yanzhou Coal Mining  is one of today's biggest movers, down 4.1% to $25.33. The S&P is trading lower by 0.5% to 1,167 and the Dow is trading 0.7% lower to 11,028.

In the past 52 weeks, shares of Yanzhou Coal Mining have traded between a low of $21.60 and a high of $41.89 and are now at $25.33, which is 17% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.1%.

Yanzhou Coal Mining Company Limited operates underground mining and coal preparation and operation businesses. Its products are sold in domestic and international markets. The Company also provides railway transportation services.

Yanzhou Coal Mining (NYSE:YZC) defies analysts with a current price ($25.29) 100.0% above its average consensus price target of $0.00. The stock should find initial resistance at its 50-day moving average (MA) of $33.14 and further resistance at its 200-day MA of $33.47.

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