A Different Kind of Cloud Stock

It is that type of market these days, with materials and coal stocks staging an epic resurgence once thought impossible, based on their price action in recent years. 

And, yet, a coal play like Cloud Peak Energy, below on the daily chart, is an excellent candidate to follow other coal plays higher which we have highlighted for Members, namely ARLP NRP SXC. 

Note how quickly CLD recovered from its earnings sell-off last month. The stock is now basing tightly over its major moving averages. I am looking at this as a fresh long idea if the stock holds over $6.60 again. 

Indeed, Cloud may very well be a better long idea in this market than actual cloud-computing stocks, which have been lagging on the whole along with other areas of technology.