When putting together your watch list, look for stocks with an 80 or higher RS Rating. Freeport-McMoRan is one stock that just reached the mark, now earning a score of 82.
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This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest climbs.
Freeport-McMoRan is trying to complete a consolidation with a 55.23 entry. See if it can break out in volume at least 40% higher than normal.
The company posted negative growth for both sales and earnings last quarter. Freeport-McMoRan is expected to release its next quarterly numbers on or around Jul. 23.
The company holds the No. 10 rank among its peers in the Mining-Metal Ores industry group. Cameco, Hudbay Minerals and Southern Copper 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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