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Westmoreland Coal (WLB) Catches Eye: Stock Jumps 9.9%

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Westmoreland Coal Company was a big mover last session, as its shares rose almost 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $11.41 cents to $17.67 in the past one-month time frame.

Over the last 30 days, the company witnessed one negative estimate revision while the Zacks Consensus Estimate also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Westmoreland Coal currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the coal space is Alliance Holdings GP, L.P. , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is WLB going up? Or down? Predict to see what others think: Up or Down

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