Banking

Warrior Met Coal Clears Technical Benchmark, Hitting 90-Plus RS Rating

Warrior Met Coal (HCC) had its Relative Strength (RS) Rating upgraded from 88 to 92 Monday.

When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.

History shows that the top-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


Warrior Met Coal broke out earlier, but has fallen back below the prior 26.00 entry from a cup without handle. If a stock you’re watching climbs above a buy point then declines 7% or more below the original entry price, it’s considered a failed base. It’s best to wait for the stock to form a new base and breakout. Also understand that the latest pattern is a later-stage base, and such bases are more prone to failure.

Top and bottom line growth moved higher last quarter. Earnings were up 238%, compared to -79% in the prior report. Revenue increased from -6% to 39%. Look for the next report on or around Oct. 28.

Warrior Met Coal earns the No. 9 rank among its peers in the Energy-Coal industry group. Alliance Resource Partners (ARLP), Ramaco Resources (METC) and Consol Energy (CEIX) are among the top 5 highly rated stocks within the group.

YOU MIGHT ALSO LIKE:

Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros
MarketSmith’s Tools Can Help The Individual Investor
Profit From Short-Term Trends With SwingTrader
Get Timely Buy & Sell Alerts With IBD Leaderboard
Find The Best Long-Term Investments With IBD Long-Term Leaders

 

Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button