Heavily Shorted Energy Stock Poised to Surge

Peabody Energy Corp (NYSE:BTU) are down 1.4% at $24.78 at last check, but sport a 16.4$27.50 level for much of the past year. The equity is today on track for its third consecutive daily loss, but this pullback may soon have bullish implications, as it has placed BTU near a trendline that has served as a catapult before. Peabody Energy stock is within one standard deviation of its 50-day trendline. Per Schaeffer's Senior Quantitative Analyst Rocky ...