Arch Coal (ACI) has been trading in a range between around $3.70 and $4.80 for many months and it is breaking out of it. if it is able to hold above $5, then we could easily see a move to $6 specially since it demonstrated relative strength to the overall market last week. Keeping an eye on it.
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ACI Weekly Chart
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ACI Daily Chart
About Stock Trade Journal
The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders.
This blog is also a way to share my experiences and observations in the market.
