Chipotle (CMG) climbs higher late Tuesday on Q2 earnings beat >>> READ MORE

Stock Picks – Market Vectors Coal ETF-KOL



Market Vectors Coal ETF (KOL) — This investment seeks to replicate the price and yield performance of the Stowe Coal Index, and typically invests at least 80% of its total assets in equity securities in the coal industry.  

KOL Chart 

Chart Legend

This ETF bottomed in November 2008 at less than $10. The low of November was confirmed with a double-bottom in March 2009, and then by a gold cross in June. 

Since then, this ETF has been trading in an orderly bull channel, which has made new highs almost monthly since the March bottom. 

KOL appears to be under heavy accumulation and will likely make another new high soon above $40. 

For long-term investors, KOL represents a solid investment in the returns of the coal industry.

3 Cheap, Must-Own Recovery Stocks to Double in 2010
Get the names of the best cheap stocks to rebuild your wealth in 2010. Each stock sells for less than $10 a share and is set to double (even triple!) in the next 12 months. Download your FREE report here.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC