Chart of the Day: NACCO Industries: Thermal Coal Play
Jim Van Meerten - Barchart - Thu Oct 14, 2:31PM CDT
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 NC - Nacco Industries
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NC32.32-0.38-1.16%

The Barchart Chart of the Day belongs to the thermal coal company NACCO Industries (NYSE:NC).   I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 9/27 the stock gained 35.80%.  

See the source image  NACCO Industries, Inc., together with its subsidiaries, engages in the mining and natural resources businesses. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies, as well as with activated carbon producers in North Dakota, Texas, Mississippi, Louisiana, and Navajo Nation. The North American Mining segment provides value-added contract mining and other services for producers of aggregates, lithium, and other minerals; and contract mining services for independently owned mines and quarries in Florida. The Minerals Management segment is involved in the leasing of its royalty and mineral interests to third-party exploration and production companies, and other mining companies, which grants them the rights to explore, develop, mine, produce, market, and sell gas, oil, and coal; and provision of surface and mineral acquisition, and lease maintenance services. NACCO Industries, Inc. was founded in 1913 and is headquartered in Cleveland, Ohio. 

NACCO Industries, Inc.

5875 Landerbrook DriveSuite 220Cleveland, OH 44124-4069United States440-229-5151http://www.nacco.com

NC

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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 stock 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 and reevaluate your stop losses at least on a weekly basis.

Disclosure: I/we have a beneficial long position in the shares of NC either through stock ownership, options, or other derivatives.