- Nacco Industries (NC) is trading at a new 3-year high.
- NC stock is up more than 70% over the past year and has robust technical momentum.
- The stock maintains a 100% “Buy” opinion from Barchart.
- Individual investors are optimistic about NC, viewing its recent results as a compelling buying opportunity.
Today’s Featured Stock
Valued at $412 million, Nacco Industries (NC) brings natural resources to market by delivering aggregates, minerals, reliable fuels, and environmental solutions through its portfolio of NACCO Natural Resources businesses.
What I’m Watching
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. NC checks those boxes. Since the Trend Seeker issued a new “Buy” on Jan. 22, shares are up 8.26%.
Barchart Technical Indicators for Nacco Industries
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Nacco scored a new 3-year high of $56.29 on Feb. 4.
- NC has a Weighted Alpha of +80.99.
- Nacco has a 100% “Buy” opinion from Barchart.
- The stock has gained 70.51% over the past 52 weeks.
- NC has its Trend Seeker “Buy” signal intact.
- The stock recently traded at $53.17 with a 50-day moving average of $48.42.
- Nacco has made 9 new highs and is up 16.18% over the past month.
- Relative Strength Index (RSI) is at 72.93.
- There’s a technical support level around $52.41.
Don’t Forget the Fundamentals
- $412 million market capitalization.
- 14.16x trailing price-earnings ratio.
- 1.9% dividend yield.
Since Wall Street has not discovered this stock yet, there are no revenue and earnings projections. However, investors should note that the company did report positive revenue and earnings this year.
Analyst and Investor Sentiment on Nacco Industries
- Value Line rates the stock “Above Average.”
- CFRA’s MarketScope rates the stock a “Sell.”
- Morningstar thinks the stock is 19% overvalued.
- 344 investors following the stock on Motley Fool think this stock will beat the market while 45 think it won’t.
- 2,560 investors are following the stock on Seeking Alpha, but it does not rate it.
- Short interest is 0.25% of the float with 2.05 days to cover the float.
The Bottom Line on Nacco Industries
Although undiscovered by Wall Street, individual investors see the positive revenue and earnings as a buying opportunity.
Additional disclosure: 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 stocks 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.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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