The Relative Strength (RS) Rating for Freeport-McMoRan entered a higher percentile Monday, as it got a lift from 64 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Freeport-McMoRan can continue to show renewed price strength and hit that benchmark.
Freeport-McMoRan is trying to complete a consolidation with a 55.23 buy point. See if it can clear the breakout price in volume at least 40% above average.
Freeport-McMoRan posted negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around Jul. 23.
The company holds the No. 9 rank among its peers in the Mining-Metal Ores industry group. Cameco, Hudbay Minerals and Southern Copper 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:
Which Stocks Are Showing 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!
