US03937C1053 - Common Stock - After market: 91 -0.98 (-1.07%)
Taking everything into account, ARCB scores 8 out of 10 in our technical rating. Although ARCB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ARCB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 91.99. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @92.00. This is a Buy Stop order right above the resistance zone.||An exit @84.75. This is a Stop Loss order right below the 10 day low.||The trade has a worst case loss of 7.25 points, which is 7.88%.||For a 1.00% total portfolio risk, you can invest 12.69% of your capital in this trade.|
NASDAQ:ARCB (8/16/2022, 7:16:51 PM)+0.68 (+0.74%)
|GICS Industry||Road & Rail|
|2 Weeks||6.92%||1 Month||15.34%|
|3 Month||33.79%||6 Month||4.12%|
|ATR Inc||-40%||Range Today||1.53|
|ST Trend||LT Trend|
|10 Day High||93.22||10 Day Low||84.76|
|20 Day High||93.22||20 Day Low||76.82|
|52 Week High||125||52 Week Low||64.9|
|CS1 End||79.73||CR1 Start||91.99|
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