[ibd-display-video id=2385970 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Peabody Energy can continue to show renewed price strength and hit that benchmark.
Peabody Energy is still within a buy zone after climbing above a 31.05 buy point in a cup with handle . The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 127%, compared to 0% in the prior report. Revenue increased from 21% to 22%.
Peabody Energy earns the No. 2 rank among its peers in the Energy-Coal industry group. Warrior Met Coal ( HCC ) is the top-ranked stock within the group.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.