The Relative Strength (RS) Rating for Warrior Met Coal entered a new percentile Tuesday, as it got a lift from 68 to 75.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest runs. See if Warrior Met Coal can continue to show renewed price strength and clear that threshold.
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Warrior Met Coal is working on a cup with handle with a 75.15 buy point. See if it can break out in volume at least 40% higher than normal.
The company posted negative growth for both the top and bottom lines last quarter.
The company holds the No. 5 rank among its peers in the Energy-Coal industry group. SunCoke Energy is the No. 1-ranked stock within the group.
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