In a welcome move, Peabody Energy stock saw its Relative Strength Rating rise from 63 to 71 on Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating north of 80 as they launch their largest climbs. See if Peabody Energy stock can continue to rebound and clear that threshold.
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Is Peabody Energy Stock A Buy?
While Peabody Energy stock is not near an ideal buy point right now, see if the energy stock goes on to form and break out from a proper consolidation.
The coal miner posted negative growth for both the top and bottom lines last quarter.
Peabody Energy stock earns the No. 10 rank among its peers in the Energy-Coal industry group. Hallador Energy and Natural Resource Ptrs are also among the group's highest-rated stocks.
