On Monday, Sociedad Quimica Y Minra cleared an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 80 the day before. slid 1.5% in sync with market consolidation Monday.

The 84 RS Rating means that Chile-base Sociedad Quimica stock has outperformed 84% of stocks in IBD's database over the past year. Market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. Sociedad Quimica stock bottomed at 15.20 in late March 2020 amid the Coronavirus recession. It's climbed about 258 from there to a close at 54.25 Monday, down 1.5% in sync with market consolidation Monday.

Sociedad Quimica Stock Consolidating

In terms of fundamentals, year-over-year earnings growth increased from 53% the prior quarter to 63%, or 31 cents per share, last quarter. Revenue for the maker of fertilizers, industrial chemicals and other products sold worldwide grew 28% to $588 million.

Sociedad Quimica stock holds the No. 3 rank among its peers in the Chemicals-Agriculture industry group. Mosaic and Nutrien are also among the group's highest-rated stocks.

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Sociedad Quimica stock is trying to complete a consolidation with a 60.84 entry. See if it can clear the breakout price in volume at least 40% higher than normal.

When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

The exclusive Relative Strength Rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.