Eldorado Gold saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 66 to 71.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
History shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Eldorado Gold can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
While now is not an ideal time to invest, see if the stock is able to establish and enter a buy zone in heavy volume.
While EPS growth fell in the company's most recently reported quarter from 560% to 106%, revenue rose 36%, up from 30% in the previous report.
Eldorado Gold earns the No. 3 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines is the No. 1-ranked stock within the group.
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