Pan American Silver saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 65 to 81.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History shows that the best stocks often have an RS Rating north of 80 as they begin their biggest price moves.
Looking For Winning Stocks? Try This Simple Routine
Pan American Silver has risen past key moving averages recently, a positive sign. Look for the stock to offer a new chance to get in like a three-weeks tight or a traditional IBD pattern, such as cup with handle. Also look for increasing volume.
Pan American Silver stock reported negative growth for both the top and bottom lines last quarter.
The company holds the No. 29 rank among its peers in the Mining-Gold/Silver/Gems industry group. Franco Nevada and Royal Gold are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
