When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Barrick Gold stock just cleared that benchmark with an upgrade from 70 to 80.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the best-performing stocks typically have an RS Rating of over 80 as they launch their biggest climbs.
Risk Management In The Stock Market: How Much Money To Invest Now
Is Barrick Gold Stock A Buy?
Barrick Gold stock is working on a consolidation with a 21.35 buy point. See if the precious stock can break out in volume at least 40% above average.
Earnings grew 70% last quarter, up from 25% in the prior report. Revenue also increased, from 18% to 19%.
Barrick Gold stock earns the No. 13 rank among its peers in the Mining-Gold/Silver/Gems industry group. Alamos Gold, AngloGold Ashanti and DRDGOLD ADR 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.
