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Alliance Resource Partners, L.P.AA

Alliance Resource Partners, L.P.

25.21USDR
+0.04+0.16%
Last update at Mar 5, 23:51 GMT
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ARLP trade ideas

Let the Good Times Coal -- ARLP Bullish ContinuationAfter a 12 month, ~35% retracement, coal miner ARLP appears to be setting the stage for a continuation of the bullish trend that began in October 2020. After ARLP found a corrective low on a partial channel retrace, a nested bullish channel emerged, breaking to the upside simultaneously with the bearish channel that contained it. Volume is expanding to confirm this theory as of now. It's important to remember the unusually warm winter that put coal onto this corrective path. Odds are in favor of this not repeating, but time will tell how much assistance tickers in the energy space will get from Mother Nature. Stop loss conservatively set for $18.45, but a 2/3 retrace rule would open up a little more headroom to the 18.18 level.
NLong
by ChadBangs
Alliance Resources are allied for more bears. ARLPNice 5 wave impulse done and dusted. We are going to correct on that now. Now in early phases of Wave A with plenty more time to collapse. What determines market action is not some announcement or some promise somewhere. It is purely determined by group psychology. This is a different entity to that of an individual's psychology. It follows rules that govern all of this world, and which too are fractal in nature. We are not aware of any other system that accounts for the fractal nature of markets other then the Elliott Wave theory and its update in the form of the Neo Wave Theory. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NShort
by Rykin_Capital
Alliance Resource Partners (ARLP)Alliance Resource Partners (ARLP) ALRP produces and markets coal to enterprise and industrial consumers in the U.S. The company has coal mines in Kentucky, Maryland, Indiana, Illinois, and West Virginia. ALRP’s stock has gained 91.3% over the past six months to close yesterday’s trading session at $6.12. The company recently opened a new mining operation in Appalachia. It has also booked commitments for the supply of 9.9 million tons of coal until 2025. For the quarter ended December 31, 2020, ALRP reported an increase in revenue of 3.1% sequentially. Its EBITDA rose 28.8% during the same period. ARLP is expected to see a revenue growth of 26.9% for the quarter ended March 31,2021 and 14.7% in 2021. Its EPS is estimated to grow 15.9% in 2021 and at a rate of 13.6% per annum over the next five years. The POWR Ratings are also high on ARLP. It has an Overall Rating of A, which translates to a Strong Buy. The POWR Ratings are calculated by considering 118 different factors with the weighting of each optimized to improve overall performance. In total, we rate ARLP on eight different levels. Beyond what we stated above, we also have given ARLP grades for Stability, Value, Momentum, and Growth. Get all the ARLP ratings here. It is also good to know that the MLPs - Other industry is ranked #35 out of 124 industries. And in this top-rated group, RPM is ranked #2 out of 13 MLPs - Other stocks.
N
by Valconyf
ARLP - Flag formation long from $17.90 to $19.27 & higherARLP seems forming a possible bump & run formation. The best thing about it is the huge volume in the breakout candle that suggest the reversal of the trend. It is a bit speculative trade but seems a good long opportunity * Trade Criteria * Date First Found- May 6, 2018 Pattern/Why- Possible flag formation. Advanced Bump & run formation. Entry Criteria- Current Level ($17.90) Exit Criteria- 1st Target $19.27; 2nd target - Momentum Stop Loss Criteria- $16.87 Indicator Notes- Twiggs money flow broken to the positive side. Please check back for Trade updates. (Note: Trade update is little delayed here.)
NLong
by AcornWealthCorp
Bullish Coal Futures = Mineral Companies (#1 ARLP)The same concept than Bullish Gold-Futures = Mining Companies but in this case with Coal at the end they are grouped in the same Basic Materials Industry. I only put momentum ideas in the desk of traders. Ideas that meet certain technical requirements like: Resistance breakout and trend line breakout I propose two targets, and wait for a price pullback The first is a swing trade with a target close to 25.00 or less The second is a position trade with an objective close to 38.00 or less. and assuming that the price breaks the 25.00 resistance level. You know uncertainty is your job.
NLong
by Alex_Quiroga
ARLP- Bear flag formation Short from $18.50 to $17.14 & lower ARLP was an intraday text alert sent out yesterday. It has a bear flag formation & It had done really well so far. Hit the entry this morning & it seems very good short setup. * Trade Criteria * Date first found- June 21, 2017 Pattern/Why- Bear Flag formation Entry Target Criteria- Break of $18.50 Exit Target Criteria- 1st Target $17.14, 2nd Target - momentum Stop Loss Criteria- N/A Please check back for Trade updates. (Note: Trade update is little delayed here.)
NShort
by AcornWealthCorp