Arch Coal hit a NEW high today and we took some money off the table. ACI hit our +$10.00 target that we predicted 2 days ago.
Time to roll some profits into Broadwing (BWNG) at these levels. Broadwing has been quiet because they are in a quiet period with news expected out on May 2. After the last earnings call BWNG ran from $6.00 to over $16.00.
We think that BWNG could make a strong move up to $20.50 now that the option expiration games are done today, and also when the earnings news is digested by Wall Street brokerage firms in the coming weeks.
