On Thursday, Peabody Energy got an upgrade to its Relative Strength (RS) Rating, from 70 to 79.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Peabody Energy can continue to rebound and hit that benchmark.
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Peabody Energy is trading within a buying range after breaking past a 27.24 buy point in a consolidation. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone.
Earnings growth dropped last quarter from 23% to -8%. But revenue gains moved higher, from -18% to 1%.
Peabody Energy 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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