The Relative Strength (RS) Rating for Methanex climbed into a new percentile Tuesday, as it got a lift from 69 to 72.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating of over 80 as they launch their largest climbs. See if Methanex can continue to rebound and clear that threshold.
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Methanex is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could ignite a new run.
In terms of revenue and profits, the company has posted two quarters of accelerating earnings growth. Sales growth has also increased over the same time frame. Methanex is expected to release its next quarterly numbers on or around Jan. 29.
Methanex earns the No. 9 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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