Alpha Natural Resources Remains Weak. Watch This Level

Alpha Natural Resources Inc.ANR is a leading coal stock. The stock is trading lower this morning by 0.92 cents to $52.99 a share. Recently Alpha Natural Resources Inc. purchased Massey Energy Co.MEE and a purchase of a major company will usually put pressure on the company making the purchase. Alpha Natural Resources stock will have strong intra-day support around the $52.00 area. At this time short term traders can look for a bounce around this level. It is always important to remember if the overall stock market indexes begin to decline this could bring the stock down a bit further. Nicholas Santiago InTheMoneyStocks.com