Warrior Met Coal stock had its Relative Strength (RS) Rating upgraded from 67 to 76 Wednesday — a welcome improvement, but still short of the 80 or higher score you look for.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Warrior Met Coal stock can continue to rebound and hit that benchmark.
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Is Warrior Met Coal Stock A Buy?
Warrior Met Coal stock surged almost 9% Weednesday and is trying to complete a cup without handle with a 75.53 entry. See if the energy stock can break out in volume at least 40% above average.
The coal company posted negative growth for both the top and bottom lines last quarter.
Warrior Met Coal stock earns the No. 5 rank among its peers in the Energy-Coal industry group. SunCoke Energy is the top-ranked stock within the group.
