Alpha Natural Resources, Inc. (NYSE:ANR)
This stock is just trading above its 200-day moving average for the first since the beginning of June 2011. Volume was high at the end of summer and heading through the election as the markets bet on election winners. Romney gave the sector a wink and a nod during one of the presidential debates and was open about policies that would have helped the industry.
On the other side of the fence, a tough regulatory environment and a highly competitive energy market that brewed under the Obama administration contributed to a long slide in coal stocks during the economic downturn.
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But supporters have been building a bull case for the stock and the industry, and the chart reveals what looks like support for their claims. For example, thermal coal exports to growing nations like China, India, and even the recovering euro-zone are expected to be competitive with natural gas as economies heal and demand builds. For the same reason, metallurgical coal exports have a bright future in light of massive overseas infrastructure spending.
In September of 2012, the Chinese government announced over $150 billion in new infrastructure spending, and steel futures contracts jumped.