On Friday, Pan American Silver got an upgrade to its Relative Strength (RS) Rating, from 88 to 91.
How To Use Stock Charts To Stay Profitable And Protected
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating north of 80 at the beginning of a new climb.
Pan American Silver broke out earlier, but has fallen back below the prior 28.60 entry from a consolidation. If a stock you're tracking breaks past a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also understand that the latest pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings grew 4,100% last quarter, up from 0% in the prior report. Revenue also increased, from 22% to 29%.
The company earns the No. 1 rank among its peers in the Mining-Gold/Silver/Gems industry group. Alamos Gold and AngloGold Ashanti are also among the group's highest-rated stocks.
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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