Arch Coal: Clearing short term moving average (NYSE:ACI)

by Josh Arch Coal Inc. ($ACI) is crossing above the 50 day moving average. The 50 day moving average is viewed as a medium to short term support / resistance. Arch Coal was last at $4.65 on a volume of 12,977,100 trading above the average 10.5 million shares with about an hour left in the trading day.

Shares have been coiling since July and are moving up today with the rest of the coal sector. Shares are sitting below the 200 day moving average, last at $4.81.

52 Week Range $3.47-$8.75 Market Cap 986,920,645 Average Volume 8,843,977 Dividend Yield 2.80% Institutional Ownership 74.20% Insider Ownership: 0.30% Percentage of Float Short 17.50% Beta 1.60

Arch Coal Inc. Arch Coal, Inc. is a coal producer in the United States, which sells coal to power plants, steel mills and industrial facilities.

Articles