In a welcome move, Cameco saw its Relative Strength Rating rise from 69 to 79 on Thursday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History shows that the best stocks often have an 80 or better RS Rating as they launch their largest runs. See if Cameco can continue to rebound and hit that benchmark.
Cameco is not currently near a potential buying area. See if the stock goes on to build a promising consolidation that could spark a new run.
While the company's top line growth fell last quarter from 40% to 25%, earnings-per-share grew 45%, up from 44% in the prior report.
Cameco holds 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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