James River Coal (JRCC) Volatility Up as Traders Take Profits
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James River Coal Co. (Nasdaq: JRCC) shares are lower after making a nice pop
Implied volatility is up 24.2 percent from yesterday's close and up 96.6 percent over the trailing annual average.
After a 27 percent run Wednesday, investors are taking some profit while they can.
Of note, shares approached their 50-day SMA at $3.57. Given the recent weakness in coal and dimmed outlook on multiple fronts for demand to pick up within the year, shares are well off annual highs of $22 high last July.
Implied volatility is up 24.2 percent from yesterday's close and up 96.6 percent over the trailing annual average.
After a 27 percent run Wednesday, investors are taking some profit while they can.
Of note, shares approached their 50-day SMA at $3.57. Given the recent weakness in coal and dimmed outlook on multiple fronts for demand to pick up within the year, shares are well off annual highs of $22 high last July.
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