When building your watch list, look for stocks with an 80 or higher RS Rating. Peabody Energy just met that criteria with a new score of 81.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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Peabody Energy has climbed more than 5% past a 27.24 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
EPS growth dropped in the company's latest report from 23% to -8%, but revenue rose from -18% to 1%.
Peabody Energy earns the No. 4 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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