Alamos Gold saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 69 to 75.
Can You Really Time The Stock Market?
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if Alamos Gold can continue to show renewed price strength and hit that benchmark.
Alamos Gold is trying to complete a consolidation with a 31.00 entry. See if the stock can break out in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
Alamos Gold posted 8% EPS growth last quarter. Revenue increased 20%. The company is expected to report its latest results on or around Jul. 30.
Alamos Gold earns the No. 21 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, 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.
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