Arch CoalOne final under-$10 name in the coal complex that's trading within range of a major breakout trade is Arch Coal (ACI - Get Report). This company is a coal producer that sells its coal to power plants, steel mills and industrial facilities. This stock has been hammered by the bears so far in 2012, with shares down a whopping 50%. If you take a look at the chart for Arch Coal, you'll notice that this stock recently came out of its downtrend that took shares lower from $14 to $5.16 a share. That move out of its downtrend, has now seen shares of Arch Coal trend sideways between $6.42 and $7.78 a share. A high-volume move outside of that sideways trading pattern soon should setup the next major trend for ACI. Since this stock is trending so close to the upper-end of that range, the probably is high that an explosive move higher is setting up for ACI.
5 Stocks Under $10 Set to Soar
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