ACI - Arch Coal NYSE Stock - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

lovemoney · #1 07-09-2007, 02:51 AM

What's your opinion of this guys? ...Look like it might be worth watching for the next few days?

Full sto looks like it's coming out of oversold nicely. Don't know if that's a double dip below 20 or not that it's coming out of. (maybe you all can shed some light on that pattern for me). 5 & 10 dma are curling up towards the 50dma. PPS did a decent jump Fri and maybe look for to break above the 50dma. MACD is turning up out of a downtrend and about to cross over the signal line and hopefully headed towards zero mark. CMF should pop above the zero mark in a couple days. What's your thoughts?

http://stockcharts.com/h-sc/ui?s=ACI...d=p85197638594

lovemoney · #2 07-09-2007, 04:48 PM

Closed with a doji at 3 cents higher at 36.58. May mean a reversal next few days or it may go ahead and break the 50dma. if it drops, see if it holds above the previous low around 34 then it might bounce and take off. couple more days will tell.

lovemoney · #3 07-23-2007, 06:29 PM

Ok, this did something interesting today. It opened way below support but then closed back above it on high volume.

Coal stocks got a bad future PR last week because of emissions concerns. And today Arch said it's quarterly profit plunged almost 50 % due to high costs and production cuts, and cut it's earnings outlook. But analysts said the long term effect of the production cuts was positive and demand for power will still justify coal powered plants.

Never the less, aside from the news moving the price down then back up, in general from a TA standpoint, isn't a gap down like that then back up to a high close a sign that it will soon tank some more based on other negative indicators such as a sinking OBV for the past two weeks?