On Tuesday, Eldorado Gold got a positive adjustment to its Relative Strength (RS) Rating, from 63 to 73.
This exclusive rating from Investor's Business Daily measures price movement 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.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they launch their largest climbs. See if Eldorado Gold can continue to show renewed price strength and hit that benchmark.
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Eldorado Gold is working on a consolidation with a 19.06 entry. See if the stock can break out in heavy trading. Note that it's a first-stage base. Such patterns can work and do sometimes launch nice runs, but, statistically, they're more likely to fail than earlier-stage consolidations.
While EPS growth dropped in the company's most recent performance report from 560% to 106%, the top line rose 36%, up from 30% in the previous report.
The company earns the No. 5 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines is the top-ranked stock within the group.
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