When building your watch list, focus on stocks with an 80 or higher RS Rating. Peabody Energy is one stock that just reached the mark, now earning a score of 84.
Looking For The Best Stocks To Buy And Watch? Start Here
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
While Peabody Energy is not near an ideal entry right now, see if it goes on to form and break out of a proper chart pattern.
Earnings growth rose in the company's latest report from -10% to 0%, but revenue fell from -5% to -15%.
Peabody Energy earns the No. 7 rank among its peers in the Energy-Coal industry group. Hallador Energy, NACCO Industries Cl A and Natural Resource Ptrs 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
