Bullish Moving Average Cross by Arch Coal (ACI)
Today, shares of Arch Coal (NYSE:ACI) have advanced above their 10-day MA of $7.26 on a volume of 9.3 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Arch Coal has traded in a range of $5.16 to $15.99 and is now at $7.37, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.6%.
SmarTrend is tracking the current trend status for Arch Coal and will alert subscribers who have ACI in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses arch coal