When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Cameco is one stock that just reached the mark, now earning a score of 82.
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IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
Cameco is building a cup without handle with a 62.55 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth rose in the company's latest report from 44% to 45%, but the top line fell from 40% to 25%.
Cameco earns the No. 1 rank among its peers in the Mining-Metal Ores industry group. Mesabi Trust and Southern Copper 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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