The Relative Strength (RS) Rating for Freeport-McMoRan moved up into a higher percentile Wednesday, as it got a lift from 69 to 75.
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This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of at least 80 as they begin their biggest price moves. See if Freeport-McMoRan can continue to show renewed price strength and hit that benchmark.
Freeport-McMoRan is building a cup without handle with a 49.12 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 17%, compared to -25% in the prior report. Revenue increased from -9% to 14%.
The company holds the No. 7 rank among its peers in the Mining-Metal Ores industry group. Cameco, Hudbay Minerals and Mesabi Trust 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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