Chart of the Day: NACCO Industries: Thermal Coal Play
Related Stocks
 NC - Nacco Industries

The Barchart Chart of the Day belongs to the thermal coal company NACCO Industries (NYSE:NC).   I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 9/27 the stock gained 35.80%.  

See the source image  NACCO Industries, Inc., together with its subsidiaries, engages in the mining and natural resources businesses. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies, as well as with activated carbon producers in North Dakota, Texas, Mississippi, Louisiana, and Navajo Nation. The North American Mining segment provides value-added contract mining and other services for producers of aggregates, lithium, and other minerals; and contract mining services for independently owned mines and quarries in Florida. The Minerals Management segment is involved in the leasing of its royalty and mineral interests to third-party exploration and production companies, and other mining companies, which grants them the rights to explore, develop, mine, produce, market, and sell gas, oil, and coal; and provision of surface and mineral acquisition, and lease maintenance services. NACCO Industries, Inc. was founded in 1913 and is headquartered in Cleveland, Ohio. 

NACCO Industries, Inc.

5875 Landerbrook DriveSuite 220Cleveland, OH 44124-4069United States440-229-5151


Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 105.10+ Weighted Alpha
  • 102.86% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 60.75% in the last month
  • Relative Strength Index 90.49%
  • Technical support level at 35.62
  • Recently traded at 40.30 with a 50 day moving average of 28.22

Fundamental factors:

  • Market Cap $268 million
  • P/E 9.48
  • Dividend yield 2.17%
  • Wall Street is not following this company so there are no Revenue and Earnings projections
  • The individual investors on Motley Fool voted 120 to 7 that the stock will beat the market with the experienced investors voting 17 to 0 for the same result
  • 1,950 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

Disclosure: I/we have a beneficial long position in the shares of NC either through stock ownership, options, or other derivatives.