On Friday, Pan American Silver earned an upgrade to its Relative Strength (RS) Rating, from 88 to 91.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to 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 often have an RS Rating of above 80 in the early stages of their moves.
Pan American Silver has risen more than 5% past a 28.60 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The company reported 291% earnings growth in the latest quarterly report, while sales growth came in at 18%.
Pan American Silver holds the No. 1 rank among its peers in the Mining-Gold/Silver/Gems industry group. AngloGold Ashanti and Barrick Mining are also among the group's highest-rated stocks.
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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