Digging Into Two Energy Names

One more leg lower? I don't think we can phrase it that way since one more leg lower implies it will be the last leg lower. I would rather say coal has started yet another leg lower today. Of course, there are a few names including Peabody Energy (BTU), Arch Coal (ACI) and Consol Energy (CNX) that don't look too bad, but I won't try to fool anyone by saying the charts look good. These two just haven't completely broken down like Alpha Natural Resources (ANR), Cliff Natural Resources (CLF) and Walter Industries (WLT).

A while ago, actually , on May 24, when CLF was trading just below $50, I received a request from an astute subscriber to look closer at CLF. I didn't like what I saw then, and I still don't like what I see now -- even with CLF trading some 33% lower today than it was back at the end of May. The chart just keeps getting worse and worse rather than showing any signs of a bottom....246 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.