Pan American Silver saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 80 to 83.
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This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the top-performing stocks typically have an RS Rating north of 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 offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Pan American Silver saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 4,100%. Revenue rose from 22% to 29%. Keep an eye out for the company's next round of numbers on or around Aug. 6.
Pan American Silver earns the No. 19 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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