One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Seabridge Gold cleared that benchmark Tuesday, with a jump from 78 to 82 Tuesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest climbs.
While the stock is not near an ideal buy point right now, see if it manages to form and break out from a proper base.
Seabridge Gold posted 0% earnings growth in its most recent report, while sales growth came in at 0%.
The company earns the No. 56 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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