Methanex had its Relative Strength (RS) Rating upgraded from 67 to 71 Tuesday — a welcome improvement, but still below the 80 or better score you prefer to see.
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Methanex can continue to show renewed price strength and clear that threshold.
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While the stock is not near a proper buy zone right now, see if it manages to form and break out of a proper chart pattern.
In terms of top and bottom line numbers, Methanex has posted two quarters of increasing earnings growth. Revenue growth has also increased over the same time frame.
The company earns the No. 10 rank among its peers in the Chemicals-Specialty industry group. Air Products & Chemicals, Perimeter Solutions and Luxfer Holdings are among the top 5 highly rated stocks within the group.
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