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Should You Buy Alliance Resource Partners, L.P. (ARLP) Stock on Tuesday?

Tuesday, May 24, 2022 02:17 PM | InvestorsObserver Analysts

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Should You Buy Alliance Resource Partners, L.P. (ARLP) Stock on Tuesday?

Overall market sentiment has been high on Alliance Resource Partners, L.P. (ARLP) stock lately. ARLP receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
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!

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. 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 has gained 2.88% while the S&P 500 is lower by -1.13% as of 2:15 PM on Tuesday, May 24. ARLP is higher by $0.57 from the previous closing price of $19.81 on volume of 752,019 shares. Over the past year the S&P 500 is lower by -6.39% while ARLP is higher by 234.65%. ARLP earned $1.45 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.08. To see InvestorsObserver's Sentiment Score for 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.

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