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On Monday, Alpha Metallurgical Rscs (AMR) hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 72 the day before. IBD's proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database. Decades of market research shows that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to offer and clear a proper buy point. Alpha Metallurgical Rscs posted 0% EPS growth in the latest quarterly report, while sales growth came in at -32%. The company is expected to report its latest numbers on or around Nov. 6. The company holds the No. 9 rank among its peers in the Energy-Coal industry group. Hallador Energy (HNRG), NACCO Industries Cl A (NC) and Natural Resource Ptrs (NRP) are among the top 5 highly rated stocks within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
