Coal Stock Looks Ready to Catch Up to Peers
Arch Resources (ARCH) strong chart and looking to follow peers AMR and BTU to new 1-year highs after closing above April value on Tuesday. Shares are consolidating the recent run higher under $165 and a breakout move has room to run to $185 in the short-term. ARCH has seen broader ranges and volatility since March and MACD is nearing a bullish cross, ready to run again.