Barrick Mining saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 77 to 82.
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This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves.
Barrick Mining broke out earlier, but has fallen back below the prior 21.11 entry from a cup with handle. If a stock you're watching breaks past a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also keep in mind that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
While sales growth fell last quarter from 19% to 14%, the bottom line grew 84%, up from 70% in the previous report.
Barrick Mining holds the No. 20 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and AngloGold Ashanti 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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