ACI Final Target Hit for a 41% Profit

The ACI (Arch Coal) short trade has hit the final target, T3at 5.82, for a 41.2% gain in less than 2 trading sessions. Consider booking full profits or at least trailing stops down to protect gains. Although I still think the odds for a continued move towards the 5.30 level that was originally posted as the final target is likely, I have decided to book full profits here as the odds of a potentially sharp snap-back rally will begin to rise from here.

ACI 15 minute Sept 2nd

ACI 15 minute Sept 2nd

A post updating this trade, including the new revised final price target, was published before the market opened today, along with several other short trade updates. ACI will now be moved to the Completed Trades category without any further updates on this particular trade.

Sep 2, 2015 10:58am|Categories: Completed Trades - Long|Tags: |Comments Off on ACI Final Target Hit for a 41% Profit