East Shore said money flow in the ETF has been declining since late 2010 and momentum has become negative. A confirmed break below support “would be very bearish” and indicate a test of $30 a share is possible, they added. [Coal ETFs to Consider Following International Coal Deal]
PowerShares Global Coal Portfolio (NasdaqGM: PKOL) is another sector ETF option.
Market Vectors Coal ETF
Tisha Guerrero contributed to this article.