On Friday, M P Materials received a positive adjustment to its Relative Strength (RS) Rating, from 90 to 93.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating tracks technical performance 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 reveals that the stocks that go on to make the biggest gains often have an RS Rating of over 80 at the beginning of a new run.
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While now is not an ideal time to invest, see if the stock goes on to form a base and break out.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 72% to 285%. Revenue rose from 135% to 177%.
M P Materials earns the No. 3 rank among its peers in the Mining-Metal Ores industry group. BHP Billiton and Teck Resources are among the top 5 highly rated stocks within the group.
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