One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Rio Tinto ADR just hit that mark, with a jump from 78 to 83 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the best stocks tend to have an 80 or better RS Rating as they begin their biggest price moves.
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Rio Tinto ADR is not currently near a potential buying area. See if the stock goes on to form a promising consolidation that could ignite a new run.
Rio Tinto ADR posted negative growth for both sales and earnings last quarter.
The company holds the No. 10 rank among its peers in the Mining-Metal Ores industry group. Southern Copper and Vale ADR are also among the group's highest-rated stocks.
