Telecom Signaling Industry News

TMCNet:  Upgrade Alert for Walter Energy (WLT)

[December 12, 2012]

Upgrade Alert for Walter Energy (WLT)

Dec 12, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Walter Energy (NYSE:WLT) was upgraded from Neutral to Buy at Davenport today. The stock closed yesterday at $35.85 on volume of 3.9 million shares, below average daily volume of 4.0 million. In the past 52 weeks, shares of Walter Energy have traded between a low of $28.01 and a high of $76.95 and closed yesterday at $35.85, which is 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has slid 1.3%.

Walter Energy, Inc. mines coal. The Company produces metallurgical and steam and industrial coal,, manufactures blast furnace, foundry, industrial and buckwheat coke, and produces light oil, coal tar, and ammonium sulfate. Walter Energy also degasifies coalbeds and sells the gas to a utility.

Walter Energy has overhead space with shares priced $35.85, or 10.9% below the average consensus analyst price target of $40.23. The stock should find resistance at its 200-day moving average (MA) of $45.64, as well as support at its 50-day MA of $33.53.

SmarTrend is monitoring the recent change of momentum in Walter Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Walter Energy in search of a potential trend change.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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