Peabody Energy Falls 5%; Buying Opportunity? (BTU)

Market leaders are falling fast on Thursday, as money is flowing out of energy, basic materials and technology. Today's sell-off has been triggered by concerns about slowing global growth and some bearish trade data out of China that showed that the PRC's economy may be slowing.

One leading energy name that is getting particularly hard hit is Peabody Energy BTU. The shares have lost around 5% to $62.30. Is this a buying opportunity or time to hit the exits? Selling in this market has been a major mistake thus far, but this could be a turning point. BTU has now broken through its 50-day moving average. The next level of support could be at its 200-day which is at $57.08.