ARCH (Arch Resources Inc) has just hit the 2nd price target of 50.63 for a quick 45% gain since the buy signal was triggered on a breakout above the 35.07 resistance level about 3-weeks ago. ARCH was one of the dozen or so coal-stock trade ideas first highlighted in the Aug 26th Coal Sector Analysis & Trade Ideas video. 41.03 was laid out as the first target in that video with the 2nd target at 50.63 added in subsequent videos following the breakout.
ARCH daily Sept 18th
While the sector still has strong momentum, which could help propel ARCH up through the 50.63 resistance/target level up towards the potential final target around 67, with the extreme overbought conditions (daily RSI reading of 86), the odds for a reaction on this initial tag of the 50.63 level are elevated. As such, consider booking partial or full profits and/or raising stops if holding out for additional gains at this time.