huntersanna33

ARCH - Higher Risk play (8/16/2021)

Long
NYSE:ARCH   Arch Resources, Inc
Stock has been in a range with a contraction in volume . Has held the 23EMA well on last retest. Waiting for this stock to break the $68.38 area to move to 52WK high. Has broken a RSI since run up that started in Jul-21. Had a inside day on Friday on very low volume .

Would like to get involved with this name around the $66-$65 area with stops near the $61.50 which is a little high risk. Could also set stops in the $63.50 area but could easily get chopped out in this name.

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