One important metric to look for in a stock is an 80 or higher Relative Strength Rating. MP Materials cleared that benchmark Friday, with a jump from 80 to 85 Friday.
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This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest price moves.
While now is not an ideal time to invest, see if the stock manages to form a consolidation and break out.
MP Materials reported 0% earnings growth in its most recent report, while sales growth came in at 25%.
The company holds the No. 22 rank among its peers in the Mining-Metal Ores industry group. Cameco, Mesabi Trust 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.
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