In a welcome move, Barrick Gold saw its Relative Strength Rating improve from 64 to 73 on Tuesday.
IBD's proprietary rating identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Barrick Gold can continue to show renewed price strength and clear that threshold.
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Barrick Gold is building a consolidation with a 21.35 entry. See if it can break out in volume at least 40% higher than normal.
Top and bottom line growth moved higher last quarter. Earnings were up 70%, compared to 25% in the prior report. Revenue increased from 18% to 19%.
The company earns the No. 18 rank among its peers in the Mining-Gold/Silver/Gems industry group. Alamos Gold, AngloGold Ashanti and Gold Field ADR are among the top 5 highly rated stocks within the group.
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