Do Traders Think Alliance Resource Partners, L.P. (ARLP) Can Keep Climbing Monday?

Alliance Resource Partners, L.P. (ARLP) stock has risen 0.31% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Alliance Resource Partners, L.P. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ARLP!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ARLP Stock Today?

Alliance Resource Partners, L.P. (ARLP) stock is lower by -1.5% while the S&P 500 is up 0.14% as of 9:50 AM on Monday, Nov 6. ARLP has fallen -$0.35 from the previous closing price of $23.30 on volume of 107,076 shares. Over the past year the S&P 500 has risen 14.65% while ARLP has fallen -5.20%. ARLP earned $5.59 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.1. To screen for more stocks like Alliance Resource Partners, L.P. click here.

More About Alliance Resource Partners, L.P.

Alliance Resource Partners LP operates as a coal mining company based in the United States. It has four segments Illinois Basin, Appalachia, Oil & Gas Royalties and Coal Royalties. The Illinois Basin comprises underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia and it makes up for most of the company's revenue-generating operations. The Appalachia segment comprises the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex. The Oil & Gas Royalties has oil & gas mineral interests held by AR Midland and AllDale I & II and includes Alliance Minerals' equity interests in both AllDale III and Cavalier Minerals. The Coal Royalties has includes coal mineral reserves and resources owned or leased by Alliance Resource Properties. Click Here to get the full Stock Report for Alliance Resource Partners, L.P. stock.