When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Eldorado Gold just cleared that benchmark with an upgrade from 79 to 82.
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IBD's proprietary rating tracks market leadership 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 shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they begin their biggest runs.
Eldorado Gold is trying to complete a flat base with a 21.79 entry. See if it can break out in volume at least 40% higher than normal.
The company reported 4% EPS growth in the latest quarterly report. Revenue gains came in at 38%. Keep an eye out for the company's next round of numbers on or around Jul. 31.
Eldorado Gold earns the No. 25 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, AngloGold Ashanti and Barrick Mining 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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