Hello trader the stock markets fall today because of the effects of Japan's earthquake and tsunami. The general markets fall around 1 percent today. But I found this hot stock so I hope this analysis would help you.
The stock is Arch Coal Inc (ACI). The stock formed bullish price channel pattern (as the long term pattern) and rectangle (as the short term pattern). The movement is supported by slow stochastic which is in its oversold area. I think the stock price would reach its rectangle's resistance at around $36 (in shorter period) and would reach its bullish price channel's resistance at around $42 in longer term period.
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