In a welcome move, SunCoke Energy saw its Relative Strength Rating improve from 67 to 71 on Wednesday.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves. See if SunCoke Energy can continue to show renewed price strength and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
While SunCoke Energy is not near an ideal buy point right now, see if it manages to form and break out of a proper consolidation.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 4% to 350%. Revenue rose from -12% to -6%. The company is expected to report its latest results on or around Jan. 30.
SunCoke Energy earns the No. 4 rank among its peers in the Energy-Coal industry group. Natural Resource Ptrs is the top-ranked stock within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
