Summary

• 100% technical buy signals.
• 16 new highs and up 51.93% in the last month.
• 712.86% gain in the last year.

The Barchart Chart of the Day belongs to the coal mining company Alpha Metallurgical Resources (NYSE: AMR).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. That resulted in a watch list of 73 stocks. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 7/24 the stock gained 30.72%.  

Alpha Metallurgical Resources, Inc. operates as a mining company. It produces, processes, and sells met coal and thermal coal in Virginia and West Virginia. It operates through two segments, Met and CAPP-Thermal. The Met segments operates five active mines and two preparation plants in Virginia; and seventeen active mines and five preparation plants in West Virginia. The CAPP - Thermal segments operates one active mine and one preparation plant in West Virginia. The company was formerly known as Contura Energy, Inc. and changed its name to Alpha Metallurgical Resources, Inc. in February 2021. Alpha Metallurgical Resources, Inc. was incorporated in 2016 and is based in Bristol, Tennessee.

Barchart technical indicators:

• 100% technical buy signals
• 290.59+ Weighted Alpha
• 712.86% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 51.93% in the last month
• Relative Strength Index 64.67%
• Technical support level at 35.03
• Recently traded at 36.72 with a 50 day moving average of 25.95

Fundamental factors:

• Market Cap $667 million
• Revenue expected to grow 21.20% this year and another 230% next year
• Earnings estimated to increase 116.30% this year and another 198.10% next year
• Wall Street analysts issued a buy recommendation on the stock
• 1,670 investors are monitoring the stock on Seeking Alpha