On Tuesday, POSCO Holdings ADR earned an upgrade to its Relative Strength (RS) Rating, from 62 to 76.
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IBD's unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating of above 80 as they begin their biggest price moves. See if POSCO Holdings ADR can continue to show renewed price strength and hit that benchmark.
POSCO Holdings ADR is trying to complete a cup without handle with a 74.01 entry. See if the stock can break out in heavy volume.
While earnings growth declined in the company's most recently reported quarter from 0% to -41%, sales rose -12%, up from -16% in the prior report. The next quarterly numbers are expected on or around Jul. 31.
The company holds the No. 9 rank among its peers in the Steel-Producers industry group. Grupo Simec ADR, Tenaris ADR and ArcelorMittal ADR 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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