Ero Copper had its Relative Strength (RS) Rating upgraded from 61 to 79 Thursday — a welcome improvement, but still short of the 80 or higher score you look for.
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This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or higher RS Rating as they begin their biggest climbs. See if Ero Copper can continue to rebound and hit that benchmark.
Ero Copper is in a buy zone after breaking past an 18.10 entry in a cup without handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
Regarding fundamentals, the company has posted two quarters of increasing earnings growth. Sales gains have also moved higher over the same time frame.
Ero Copper earns the No. 1 rank among its peers in the Mining-Metal Ores industry group. Ero Copper and Hudbay Minerals 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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