The Relative Strength (RS) Rating for Rio Tinto stock climbed into a new percentile Wednesday, as it got a lift from 62 to 71.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if Rio Tinto stcok can continue to rebound and clear that threshold.
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Is Rio Tinto Stock A Buy?
Rio Tinto stock is trying to complete a consolidation with an 80.61 buy point. See if it can clear the breakout price in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The precious metal miner reported negative growth for both sales and earnings last quarter. Rio Tinto ADR is expected to release its next quarterly numbers on or around Apr. 19.
Rio Tinto stock earns the No. 9 rank among its peers in the Mining-Metal Ores industry group. Teck Resources Cl B and Ero Copper are also among the group's highest-rated stocks.
