On Wednesday, Southern Copper received a positive adjustment to its Relative Strength (RS) Rating, from 61 to 71.
IBD's proprietary 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 stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating of over 80 as they begin their largest runs. See if Southern Copper can continue to rebound and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
Southern Copper is trying to complete a consolidation with a 128.28 buy point. See if the stock can break out in heavy trade.
The company posted 43% EPS growth last quarter, while sales growth came in at 17%.
Southern Copper holds the No. 1 rank among its peers in the Mining-Metal Ores industry group. Alcoa and Cameco are also among the group's highest-rated stocks.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
