Market Vectors-Coal ETF (KOL)

This ETF was recently mentioned in Barron’s.

We also looked at KOL and some of its holdings in late February.

Watch the relative momentum chart closely. RMI indicator green is showing outperformance vs SPX. KOL seems to be finding a lot of support at the $45 area since January.

So the bulls are watching if coal will become a replacement to nuclear energy.

For more information on how we evaluate stocks, check out Seven Steps to Better Stock Trading, Part 1 and the video in Part 2.