On Tuesday, Newmont reached a key performance benchmark, with its Relative Strength (RS) Rating entering into the 90-plus percentile with an upgrade to 92, up from 89 the day before.
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This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves.
Newmont is building a cup with handle with a 57.16 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Newmont posted 127% EPS growth in its most recent report, while sales growth came in at 25%.
Newmont earns the No. 20 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.
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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