Pan American Silver saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 68 to 75.
This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or better RS Rating as they begin their biggest climbs. See if Pan American Silver can continue to rebound and clear that threshold.
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Pan American Silver is building a double bottom with a 24.33 entry. See if the stock can break out in volume at least 40% above average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 38% to 3,100%. Revenue rose from 7% to 16%. The next quarterly numbers are expected on or around Feb. 19.
Pan American Silver holds the No. 15 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and Harmony Gold Mining ADR are among the top 5 highly rated stocks within the group.
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