Today's Dead Cat Bounce Stock: Arch Coal (ACI)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Arch Coal ( ACI) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Arch Coal as such a stock due to the following factors:

  • ACI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $18.5 million.
  • ACI has traded 1.1 million shares today.
  • ACI is up 3% today.
  • ACI was down 5.4% yesterday.

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More details on ACI:

Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. The stock currently has a dividend yield of 0.3%. Currently there are 3 analysts that rate Arch Coal a buy, 4 analysts rate it a sell, and 8 rate it a hold.

The average volume for Arch Coal has been 5.0 million shares per day over the past 30 days. Arch Coal has a market cap of $607.1 million and is part of the basic materials sector and metals & mining industry. The stock has a beta of 2.03 and a short float of 15% with 6.21 days to cover. Shares are down 37.8% year-to-date as of the close of trading on Tuesday.

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