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Consol Energy Resuming the Rally

 
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Consol Energy Resuming the Rally
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Williamhawk


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Message Consol Energy Resuming the Rally Répondre en citant
Consol Energy (NYSE:CNX) is the largest producer of bituminous coal in the United States and the largest exporter of U.S. coal, It managed to survive through the major disruption in the financial markets because of its diversification strategy around natural gas and other services. Despite being one of the oldest company in the industry, originally created in 1860 as the Consolidation Coal Company , Consol Energy only went public in 1999 in order to pay down some of its debt and in 2010 it was named by Forbes magazine as one of the “100 Most Trustworthy Companies.”
In January last year, CNX price dropped to new all time lows before finding a bottom on 01/20/2016 then doing an amazing rally during the rest of the year to close for a total gain of +300% following the rise of Coal prices and outperforming the rest of commodities stocks. So let’s jump to the technical chart to analyse the current situation and see the potential path for company.
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