Suggested to pick up Arch Coal (see post here) due to a breakout of resistance, see chart below. ACI is reflecting quality “relative strength” today, despite the stock market being down. Good price action!
CLICK ON CHART TO ENLARGE
Game Plan…..Raise stops on ACI to $29.25
Marco…Great job. You are correct that if ACI keeps doing well, PCX should do even better! Congrats!!! 🙂
I’m happy with coal. I choosed PCX, the small sister of ACI, due to its more powerfull beta.