On Friday, Freeport-McMoRan got an upgrade to its Relative Strength (RS) Rating, from 70 to 80.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks tend to have an 80 or higher RS Rating as they begin their biggest price moves.
Freeport-McMoRan is trying to complete a consolidation with a 55.23 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
The company reported negative growth for both sales and earnings last quarter. Freeport-McMoRan is expected to release its next quarterly numbers on or around Jul. 23.
The company earns the No. 8 rank among its peers in the Mining-Metal Ores industry group. Cameco, Hudbay Minerals and Ivanhoe Electric 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.
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