Kimble Charting Solutions Blog

Coal update…ACI

Posted by Chris Kimble on 11/11/2010 at 2:41 pm; This entry is filed under Coal.
Tags: Arch Coal

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

 

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2 Comments

1. Marco November 11th, 2010 at 3:51 pm

   I’m happy with coal. I choosed PCX, the small sister of ACI, due to its more powerfull beta.

2. Chris Kimble November 11th, 2010 at 4:32 pm

   Marco…Great job. You are correct that if ACI keeps doing well, PCX should do even better! Congrats!!!

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