The majority of these coal stocks are overbought. While they also look a tad toppy, they may still be worth watching for an entry on a pullback. I would not short these here as their seem to be some fundamental demand driving coal right now.
I did a cursory google search, and I found this article to be helpful in understanding what is driving coal skyward.Â The Oil Drum:Europe | Coal Crunch?Â Also, I believe Lord Duc posted an article about China running their mines overtime.
Maybe you fundamental analysis types would do some research on which of the companies below stand to benefit the most from the recent rise in coal demand.
I will watch these for a pullback and look to enter if the technicals and fundamentals are still compelling.