Alliance Resource Partners, L.P. (ARLP) stock has gained 11.68% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With ARLP Stock Today?
Alliance Resource Partners, L.P. (ARLP) stock is down -0.42% while the S&P 500 is up 0.36% as of 11:32 AM on Thursday, Jun 10. ARLP is lower by -$0.03 from the previous closing price of $7.20 on volume of 284,929 shares. Over the past year the S&P 500 has gained 32.04% while ARLP is up 59.69%. ARLP earned $0.32 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 22.5.
More About Alliance Resource Partners, L.P.
Alliance Resource Partners LP operates as a coal mining company based in the United States. It functions through threesegments; Illinois Basin, Appalachia, and and Minerals. The Illinois Basin activity comprises of 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, on the other hand, consists of multiple operating segments, including the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex.