One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Sigma Lithium just hit that mark, with a jump from 79 to 86 Monday, as it continues to move higher.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Sigma Lithium is working on a consolidation with a 43.18 buy point. See if it can clear the breakout price in heavy trading like it had on the recent gap up in price as seen on a MarketSmith chart.
The company reported 0% earnings growth in the latest quarterly report. Revenue increased 0%.
The company earns the No. 21 rank among its peers in the Mining-Metal Ores industry group. Cameco and Ero Copper are also among the group's highest-rated stocks.
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