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Is it Time to Dump SunCoke Energy Inc (SXC) Stock After it Is Up 17.91% in a Week?

Friday, November 13, 2020 01:58 PM | InvestorsObserver Analysts

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Is it Time to Dump SunCoke Energy Inc (SXC) Stock After it Is Up 17.91% in a Week?

SunCoke Energy Inc (SXC) stock has risen 17.91% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,neutral
SunCoke Energy Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on SXC!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

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 SXC Stock Today?

SunCoke Energy Inc (SXC) stock is trading at $3.95 as of 1:48 PM on Friday, Nov 13, an increase of $0.37, or 10.2% from the previous closing price of $3.58. The stock has traded between $3.60 and $3.97 so far today. Volume today is 561,363 compared to average volume of 597,531.

To screen for more stocks like SunCoke Energy Inc click here.

More About SunCoke Energy Inc

SunCoke Energy Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.

Click Here to get the full Stock Score Report on SunCoke Energy Inc (SXC) Stock.

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