2013-09-17 Free Trade of the Day (ACI)
Free Trade of the Day
Arch Coal (ACI)
Notes: Last week, we highlighted Arch Coal (ACI) as a name to buy on a correction and following today’s rise it is time to take a bullish position.
Arch Coal (ACI) Options Trade Idea
Buy the (ACI) Oct. $4.50 Call for $0.48 or better
Stop loss- $0.35
Upside target- $1.00
Updates: Groupon (GRPN) shares rose 1.07% today, once again finding support at the $11 level. Consider taking half of a bullish position now and if it does test $10.50 (See yesterday’s Free Trade of the Day) add on the other half.
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