We have seen a lot of action this morning on CSUAY after coming off a recent bottom last month.
CSUAY is up a couple percent on volume this stock is not used to seeing!
This can mean a potential breakout around these levels.
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Check out the chart:
About CSUAY: China Shenhua Energy Company Limited, together with its subsidiaries, operates as a coal-based integrated energy company in the Peoples Republic of China and the other Asia Pacific markets. It operates through five segments: Coal, Power, Railway, Port, and Shipping. The Coal segment produces coal, including long flame coal/non-caking coal, and lignite coal from surface and underground mines and sells coal to power plants and metallurgical producers. As of December 31, 2012, it had coal resource of 25.142 billion and recoverable coal reserve of 15.123 billion tones. The Power segment generates and sells electric power to provincial/regional electric grid companies. As of the above date, it controlled and operated 100 coal-fired generators and had a total installed capacity of 41,798 megawatts. The Railway segment provides railway transportation services. The Port segment offers loading, transportation, and storage services. The Sipping segment provides shipment transportation services. The company was founded in 2004 and is based in Beijing, the Peoples Republic of China. China Shenhua Energy Company Limited is a subsidiary of Shenhua Group Corporation Limited.
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