The Relative Strength (RS) Rating for Barrick Mining moved into a higher percentile Wednesday, as it got a lift from 67 to 75.
Can You Really Time The Stock Market?
IBD's proprietary rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an 80 or better RS Rating in the early stages of their moves. See if Barrick Mining can continue to show renewed price strength and clear that threshold.
Barrick Mining is within a buy zone after moving past a 21.70 buy point in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity..
Earnings growth rose last quarter from 70% to 84%. But sales fell from 19% to 14%. Keep an eye out for the company's next round of numbers on or around Aug. 11.
Barrick Mining earns the No. 1 rank among its peers in the Mining-Gold/Silver/Gems industry group. AngloGold Ashanti and Barrick Mining are also among the group's highest-rated stocks.
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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