Alcoa saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 65 to 73.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Alcoa can continue to show renewed price strength and hit that benchmark.
Alcoa is not currently near a potential buying area. See if the stock goes on to form a sound pattern that could launch a new move.
Earnings growth increased last quarter from 0% to 144%. But sales fell from 30% to 4%. The next quarterly results are expected on or around Oct. 22.
Alcoa earns the No. 10 rank among its peers in the Mining-Metal Ores industry group. Cameco, Ero Copper and Hudbay Minerals are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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