On Monday, Seabridge Gold stock earned an upgrade to its Relative Strength (RS) Rating, from 62 to 78.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating tracks price performance 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.
History reveals that the best stocks tend to have an RS Rating of over 80 as they begin their largest price moves. See if Seabridge Gold stock can continue to rebound and clear that threshold.
Is Seabridge Gold Stock A Buy?
Seabridge Gold stock recently reclaimed its 200-day moving average, a good sign. While the stock is not near an ideal buy zone right now, see if it is able to form and break out from a proper base.
The precious metal exploration company posted 0% earnings growth in the latest quarterly report, while sales growth came in at 0%.
Seabridge Gold stock earns the No. 59 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and AngloGold Ashanti are among the top 5 highly rated stocks within the group.
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