One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Alliance Resource Ptrs just hit that mark, with a jump from 74 to 81 Tuesday.
IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
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While the stock is not near a proper buy point right now, see if it goes on to form and break out of a proper base.
Alliance Resource Ptrs posted negative growth for both the top and bottom lines last quarter.
Alliance Resource Ptrs earns the No. 3 rank among its peers in the Energy-Coal industry group. NACCO Industries Cl A is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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