One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Sociedad Quimica ADR cleared that benchmark Tuesday, with a jump from 80 to 85 Tuesday.
IBD's unique rating tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest climbs.
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Sociedad Quimica ADR is still inside a buy zone after climbing above a 44.04 entry in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
Although earnings and sales growth came in at -41% and -18%, respectively, in the latest report, that showed improvement for both earnings-per-share and sales.
The company holds the No. 6 rank among its peers in the Chemicals-Agriculture industry group. Intrepid Potash, CVR Partners and Nutrien 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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