Peabody Energy began its current uptrend in July, 2013. The lower trend-line has been confirmed various times, each time the price reached this line it bounced back upwards. The price is just over a . Today’s was lower than friday’s which is a signal, decreasing price with decreasing signals that a reversal is imminent. The price is also around the S1 line. One of the key factors that indicates that the stock will continue its rise is that the 200 is serving as support as well. For the first time in over a year the stock is over the 200 . I set my price target at around $20 because this price is around the R1 and around a previous . People tend to get excited with round numbers and I expect the price to reach $20.
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