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Peabody Energy Corp. (Symbol: BTU) Rounding Top

2018-02-08_BTU_UTW

Peabody Energy Corp. (Symbol: BTU) is forming a rounding top and breaks below $39.2 support. It is a reversal pattern with an initial target in the $35 area. Just opened a short position at $38.8. Position should be closed if price reverses and closes above $40.

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