Newmont saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 79 to 84.
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IBD's proprietary rating identifies market leadership 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.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 as they begin their biggest runs.
Newmont is trying to complete a cup with handle with a 57.16 entry. See if it can clear the breakout price in heavy trading.
Newmont reported 127% earnings growth in its most recent report. Revenue gains came in at 25%.
The company earns the No. 20 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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