CNX Coal Resources LP (NYSE: CNXC) Price Target Raised at Jefferies Group

CNX Coal Resources LP (NYSE: CNXC) had its price target increased by equities researchers at Jefferies Group from $13.00 to $15.00. Jefferies Group currently has a rating of Hold on the shares. The one-year price target of $13.83 is a decrease compared to the opening price of $14.94, that has caused a fair amount of other analysts to report on the company recently. Looking back over the last year, CNX Coal Resources LP stock has a high of $15.36.

U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.

The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.

The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.

The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.

Yesterday CNX Coal Resources LP (NYSE: CNXC) shares last traded at $15.01, a spike of $0.34 from the previous closing price. Opening at $14.94, they varied from $14.33 and $15.36 throughout the day.

CNX Coal Resources LP (NYSE: CNXC) currently has a market cap of 348.45M.

90,099 shares traded hands yesterday, 70 percent above the average, out of a total float 5,017,000. Excessive volume aggregation by institutional investors may be in the near future as the combination of substantial gains in trading volume and price inflation can be deciding factors.

As with all potential breakouts, investors look for volume to be at least 40%-50% above normal on the breakout to indicate that fund managers and other professional investors are jumping in.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Institutional investors such as these have teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to make sure you are buying the right stocks.

By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.

With that in mind, CNX Coal Resources LP (NYSE: CNXC) now has a 50-day MA of $13.31 and 200-day MA of $9.83. It has traded in a 52-week range between $5.98 – 15.360 and today’s last price is 0.02% lower than the 52 week high of $15.36.

Earnings growth is an important factor to look at when investing in stocks and investors identify companies that have been successful at growing their earnings by at least 25% over 3 consecutive years.

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