BATS:BTU PEABODY ENERGY CORP
Interesting head and shoulder pattern. Next resistance is a little over 1 point away but I can keep stop close for a decent reward-risk.
Bases require a bit more time to develop. The volume on the down days back on May 13-14 suggested that there are still some strong sell interest in the stock. I think the way it is behaving now is more indicative that the sellers are getting out of the way. So, I haven't had much to say until today's low volume selloff. More comments to follow tomorrow.