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





 

 

 

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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.

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