Barrick Gold had its Relative Strength (RS) Rating upgraded from 67 to 81 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the best-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
Barrick Gold is not currently offering a proper buying opportunity. Although it has crossed about key moving averages, so let's see if the stock goes on to form a promising consolidation that could spark a new run.
Barrick Gold posted negative growth for both the top and bottom lines last quarter.
The company holds the No. 23 rank among its peers in the Mining-Gold/Silver/Gems industry group. Caledonia Mining and AngloGold Ashanti ADR are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
