Stock Investors Bid Up Shares of Arch Coal, Up 1.8%

Published on Thu, 06/06/2013 - 10:21
By Mallory Stone in Market movers, ACI, arch coal, market movers, nyse:aci

One of today's stocks on the move is Arch Coal (NYSE:ACI), up 1.8% to $5.18. The S&P is currently trading fractionally higher to 1,611 and the Dow Jones Industrial Average is trading fractionally higher to 14,973.

Arch Coal, Inc. mines, processes, and markets low sulfur coal from surface, underground, and auger mines located in the western United States and in the central Appalachian region. The Company markets its coal primarily to electric utilities.

Over the past year, Arch Coal has traded in a range of $4.47 to $8.86 and is now at $5.18, 16% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.3%.

Potential upside of 32.6% exists for Arch Coal, based on a current level of $5.18 and analysts' average consensus price target of $6.87. The stock should find resistance at its 200-day moving average (MA) of $6.35, as well as support at its 50-day MA of $5.11.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Shares of Xerox Rise Above Previous 52-W...

Shares of Xerox (NYSE:XRX) traded today at $13.29, breaking its 52-week high. So far t ...

Recent 52-Week High Exceeded in Shares o...

Shares of Weingarten Realty Investors (NYSE:WRI) traded at a new 52-week high today of ...

Shares of VCA Antech Rise to a New 52-We...

VCA Antech (NASDAQ:WOOF) traded at a new 52-week high today of $39.50. So far today ap ...

Westmoreland Coal: The Winning Streak Co...

Shares of Westmoreland Coal (AMEX:WLB) traded at a new 52-week high today of $43.45. T ...

Shares of Windstream Rise Above Previous...

Windstream (NASDAQ:WIN) traded today at a new 52-week high of $10.57. Approximately 3. ...

Titan International: The Losing Streak C...

Shares of Titan International (NYSE:TWI) traded today at $13.97, breaking its 52-week l ...

Tupperware Brands: New 52-Week Low Set T...

Shares of Tupperware Brands (NYSE:TUP) traded at a new 52-week low today of $73.72. Th ...

Watch for Continued Gains in Shares of T...

Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded today at $18.50, breaking its 52- ...