Warrior Met Coal Sees IBD RS Rating Climb To 76
January 6, 2021 - Warrior Met Coal (HCC) saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 68 to 76.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they begin their largest price moves. See if Warrior Met Coal can continue to show renewed price strength and hit that benchmark.
Warrior Met Coal has climbed more than 5% past a 19.06 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings-per-share growth fell in the company's latest report from 0% to -135%, but the top line rose from -59% to -37%.
The company holds the No. 4 rank among its peers in the Energy-Coal industry group. ConturaEnergy (CTRA) is the No. 1-ranked stock within the group.