Energy producer ARC Resources (ARX.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report and continues to rise up the rankings. On Friday it moved up another 10 spots to 28th place and it is up 27 spots in the last month. Accumulation of shares continues with a breakout over $7.40 completing a bullish Double Top, adding to the completion of a bullish Spread Double Top in January and the snapping of a downtrend line back in October.
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