In a welcome move, Eldorado Gold saw its Relative Strength Rating rise from 61 to 73 on Tuesday.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Eldorado Gold can continue to show renewed price strength and hit that benchmark.
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While Eldorado Gold is not near an ideal entry right now, see if it goes on to form and break out from a proper base.
While earnings growth decreased in the company's most recent quarterly report from 560% to 106%, revenue rose 36%, up from 30% in the previous report.
Eldorado Gold holds the No. 6 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and Eldorado Gold are among the top 5 highly rated stocks within the group.
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