Arch Resources is a leading coal producer in the United States. They are engaged in the extraction, processing, and sale of thermal and metallurgical coal for use in various industries, including power generation and steel production.
The technical analysis of Arch Resources' stock reveals a failed breakout. The stock initially showed promise with a breakout, but it was unable to sustain the upward momentum and has fallen back into its previous trading range.
This indicates a lack of buying interest or potential selling pressure in the stock, resulting in a return to the range-bound trading environment.
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