On Monday, Compania de Minas ADR hit an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 84, an increase from 72 the day before.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating of over 80 as they launch their biggest climbs.
Risk Management In The Stock Market: How Much Money To Invest Now
While the stock is not near an ideal buy point right now, see if it is able to form and break out from a proper chart pattern.
Compania de Minas ADR showed 0% earnings growth in its most recent report, while sales growth came in at 18%. Look for the next report on or around Apr. 30.
The company earns the No. 29 rank among its peers in the Mining-Gold/Silver/Gems industry group. Alamos Gold, AngloGold Ashanti and Caledonia Mining 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
