Market players should also keep an eye on breakout stock play Alliance Resource Partners (ARLP - Get Report), a producer and marketer of coal, primarily to U.S. utilities and industrial users. This company operates nine underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.As I write this, shares of Alliance Resource are surging above some previous overhead resistance at around $53.25 a share. This move marks an official breakout for the stock to new 52-week highs. Investors should now watch to see if the stock can close above $53.50 a share on above average three-month daily volume of around 98,000 shares. A move that demonstrates those strengths could mean that higher prices are in the cards in the near term.
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