On Tuesday, Compania de Minas ADR hit an important technical benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 84, a rise from 77 the day before.
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IBD's proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or better RS Rating as they begin their biggest runs.
While it's not currently an ideal time to jump in, see if the stock goes on to offer and clear a proper buy point.
The company posted 0% EPS growth in the latest quarterly report. Revenue increased 18%. The next quarterly numbers are expected on or around Apr. 30.
The company earns the No. 32 rank among its peers in the Mining-Gold/Silver/Gems industry group. Alamos Gold, AngloGold Ashanti and Caledonia 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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