1 Undiscovered Energy Stock to Buy Now

Core Viewpoint - Nacco Industries (NC) is experiencing significant growth, with a market capitalization of $412 million and a strong performance in the natural resources sector, including aggregates, minerals, fuels, and environmental solutions [1]. Group 1: Stock Performance - NC stock has increased by over 70% in the past year and is currently trading at a new 3-year high of $56.29, achieved on February 4 [7][5]. - The stock has shown robust technical momentum, with a 100% "Buy" opinion from Barchart and a recent price of $53.17, compared to a 50-day moving average of $48.42 [8]. - Since the Trend Seeker issued a "Buy" signal on January 22, shares have risen by 8.26% [2]. Group 2: Technical Indicators - Nacco has a Weighted Alpha of +80.99 and a Relative Strength Index (RSI) of 72.93, indicating strong upward momentum [8]. - The stock has made 9 new highs and is up 16.18% over the past month, with a technical support level around $52.41 [8]. Group 3: Investor Sentiment - Individual investors are optimistic about NC, viewing its recent results as a compelling buying opportunity, with 344 investors on Motley Fool believing it will outperform the market [7][10]. - Value Line rates the stock as "Above Average," while CFRA's MarketScope rates it a "Sell," and Morningstar considers it 19% overvalued [10]. - Short interest in the stock is low at 0.25% of the float, with 2.05 days to cover [10].