In a welcome move, Eldorado Gold saw its Relative Strength Rating rise from 69 to 73 on Thursday.
This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating north of 80 as they begin their largest price moves. See if Eldorado Gold can continue to show renewed price strength and clear that threshold.
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Eldorado Gold is building a consolidation with a 19.06 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Eldorado Gold saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 106% to 158%. Revenue rose from 36% to 42%.
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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