Warrior Met Coal saw its IBD SmartSelect Composite Rating jump to 96 Thursday, up from 94 the day before.
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Warrior Met Coal is currently extended beyond a proper buy zone after clearing the 28.50 buy point in a cup without handle formed earlier this year. It is currently trying to clear key moving averages. Let's see if it can form another actionable pattern with a proper entry point.
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The stock earns an 80 EPS Rating, which means its recent quarterly and annual earnings growth tops 80% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 116% earnings-per-share growth. Sales growth came in at 93%, down from 175% in the previous quarter.
Warrior Met Coal holds the No. 4 rank among its peers in the Energy-Coal industry group. Arch Resources is the No. 1-ranked stock within the group.
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