Cloud Peak Energy Inc (CLD) : Traders are bullish on Cloud Peak Energy Inc (CLD) as it has outperformed the S&P 500 by a wide margin of 53.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.91%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.35% in the last 1 week, and is up 57.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Cloud Peak Energy Inc (NYSE:CLD): The stock opened at $3.79 on Friday but the bulls could not build on the opening and the stock topped out at $3.89 for the day. The stock traded down to $3.48 during the day, due to lack of any buying support eventually closed down at $3.49 with a loss of -6.93% for the day. The stock had closed at $3.75 on the previous day. The total traded volume was 1,820,598 shares.
The stock has recorded a 20-day Moving Average of 24.8% and the 50-Day Moving Average is 49.22%. Cloud Peak Energy Inc. is up 63.85% in the last 3-month period. Year-to-Date the stock performance stands at 67.79%.
Cloud Peak Energy Inc (CLD) : The highest level Cloud Peak Energy Inc (CLD) is projected to reach is $6 for the short term and the lowest estimate is at $1. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $2.75 and the possibility the share price can swing is $2.41.
Cloud Peak Energy Inc. is a holding company that manages its 100% owned subsidiary, Cloud Peak Energy Resources LLC (CPE Resources). The Company is a producer of coal in the United States of America and the Powder River basin (PRB). The Company operates in three segments: Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other. The Owned and Operated Mines segment focuses on thermal coal production. The Logistics and Related Activities segment delivers coal to the customer at a terminal or the customers plant or other delivery point, remote from its mine site. The Corporate and Other segment includes results relating to broker activity, its share of the Decker mine operations. The Company operates in the PRB, where it operates three surface coal mines, which include the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. It also has two development projects, including the Youngs Creek project and the Crow project.