On Wednesday, Eldorado Gold stock hit a noteworthy performance benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an improvement to 84, an increase from 80 the day before.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's unique rating measures share price action 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.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest runs.
Is Eldorado Gold Stock A Buy?
Eldorado Gold stock is building a flat base with a 21.79 buy point. See if the precious metal stock can break out in volume at least 40% higher than normal.
The precious metal miner posted 4% earnings growth last quarter. Sales increased 38%. Look for the next report on or around Jul. 31.
Eldorado Gold stock earns the No. 24 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, AngloGold Ashanti and Caledonia Mining are among the top 5 highly rated stocks within the group.
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