Who They Are
Warrior Met Coal, Inc. produces and sells coal for the steel industry. It also sells the byproduct of natural gas from coal production. Though its mines and headquarters are located in the US, its main buyers are in Europe, SA, and Asia.
Are They Making Money
Most exporters were walloped during 2020, though HCC managed to keep their EBITDA(Adj) and cash flow from operations positive.
Technical
The 21EMA recently crossed the 63EMA, followed shortly after by the 63EMA crossing the 252EMA. The 63EMA cross of the 252EMA came after the price broke a previous S/R zone. A slight increase in volume accompanied the break though I would have liked to have seen the volume break the 21MA. ADX has also been showing a strong uptrend though it has yet to go above 20. RSI is holding close to overbought though not entering the 70+ territory.
Warrior Met Coal, Inc. produces and sells coal for the steel industry. It also sells the byproduct of natural gas from coal production. Though its mines and headquarters are located in the US, its main buyers are in Europe, SA, and Asia.
Are They Making Money
Most exporters were walloped during 2020, though HCC managed to keep their EBITDA(Adj) and cash flow from operations positive.
Technical
The 21EMA recently crossed the 63EMA, followed shortly after by the 63EMA crossing the 252EMA. The 63EMA cross of the 252EMA came after the price broke a previous S/R zone. A slight increase in volume accompanied the break though I would have liked to have seen the volume break the 21MA. ADX has also been showing a strong uptrend though it has yet to go above 20. RSI is holding close to overbought though not entering the 70+ territory.
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ronaldryninger.substack.com
ronaldryninger.substack.com