On Tuesday, MP Materials got an upgrade to its Relative Strength (RS) Rating, from 77 to 85.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of over 80 as they launch their biggest runs.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear an appropriate buy point.
MP Materials showed 0% earnings growth in the latest quarterly report, while sales growth came in at 20%.
The company holds the No. 16 rank among its peers in the Mining-Metal Ores industry group. Mesabi Trust, IperionX ADR and Southern Copper are among the top 5 highly rated stocks within the group.
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