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Strength Seen in Westmoreland (WLB): Stock Jumps 10.3%

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Westmoreland Coal Company was a big mover last session, as the company saw its shares rise above 10% on the day. The upside came on solid volume with far more shares changing hands than in a normal trading session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $8.88 to $16.42 in the past one-month time frame.

In the last 30 days, the company has seen one downward estimate revision and the Zacks Consensus Estimate also moved lower, 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 currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock from the Coal industry is Alliance Holdings GP, L.P. , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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