SunCoke Energy (SXC) : Traders are bullish on SunCoke Energy (SXC) as it has outperformed the S&P 500 by a wide margin of 20.82% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.78%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.71% in the last 1 week, and is up 24.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 11.08% and the 50-Day Moving Average is 21.38%. SunCoke Energy Inc. is up 2.69% in the last 3-month period. Year-to-Date the stock performance stands at 119.88%.
SunCoke Energy (NYSE:SXC): stock turned positive on Friday. Though the stock opened at $7.12, the bulls momentum made the stock top out at $8 level for the day. The stock recorded a low of $7.075 and closed the trading day at $7.63, in the green by 8.07%. The total traded volume for the day was 1,298,641. The stock had closed at $7.06 in the previous days trading.
SunCoke Energy, Inc. (SunCoke) is an independent producer of coke, a principal raw material in the blast furnace steelmaking process. The Company operates through four segments: Domestic Coke, Brazil Coke, India Coke and Coal Logistics. The Companys Domestic Coke consists of its Indiana Harbor, Haverhill, Granite City and Middletown cokemaking and heat recovery operations located in Vansant, Virginia; East Chicago, Indiana; Franklin Furnace, Ohio; Granite City, Illinois, and Middletown, Ohio, respectively. The Companys Brazil Coke consists of its operations in Vitoria, Brazil, where it operates a cokemaking facility for a Brazilian subsidiary of ArcelorMittal. India Coke consists of its cokemaking joint venture with Visa Steel in Odisha, India. Coal Logistics consists of its coal handling and blending service operations in East Chicago, Indiana; Ceredo, West Virginia; Belle, West Virginia; and Catlettsburg, Kentucky.