On Thursday, Eldorado Gold reached an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 87, up from 80 the day before.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Eldorado Gold is trying to complete a cup with handle with an 18.20 buy point. See if it can clear the breakout price in heavy volume.
Earnings grew 158% last quarter, up from 106% in the prior report. Revenue also increased, from 36% to 42%. The company is expected to report its latest results on or around May 1.
The company earns the No. 1 rank among its peers in the Mining-Gold/Silver/Gems industry group. AngloGold Ashanti and DRDGOLD ADR 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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