On Monday, Barrick Gold hit a noteworthy technical benchmark, with its Relative Strength (RS) Rating climbing into the 90-plus percentile with an upgrade to 93, a rise from 90 the day before.
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves.
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The IBD 50 stock is trading within a buy range after breaking past a 19.89 entry in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Top and bottom line growth moved higher last quarter. Earnings were up 70%, compared to 25% in the prior report. Revenue increased from 18% to 19%. Look for the next report on or around May 7.
Barrick Gold holds the No. 1 rank among its peers in the Mining-Gold/Silver/Gems industry group. AngloGold Ashanti and Caledonia 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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