Chartology: Arch Coal (ACI) Breakout Update

Stock ChartsA few days ago, I posted about a possible breakout in Arch Coal (ACI) stock, stating that follow through to the upside was key. Well, the stock has be “up” for 5 straight sessions… Note that today will be bar 5 of a DeMark sell setup, leaving room for higher prices yet. But the stock is extended so an intraday pullback would be nice.
Coal Prices





 

 

 

 

 

 

 

 

 

 

 

 

Arch Coal (ACI) stock chart with support and resistance, trend lines, and breakout analysis as of July 3, 2012.  Coal Sector. Arch Coal stock ticker ACI.

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Twitter:  @andrewnyquist and @seeitmarket     Facebook:  See It Market

No position in any of the securities mentioned at the time of publication.

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of his employer or any other person or entity.

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