Alamos Gold had its Relative Strength (RS) Rating upgraded from 78 to 81 Tuesday.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
History shows that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Alamos Gold is building a consolidation with a 21.45 entry. See if the stock can clear the breakout price in heavy volume. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
While earnings-per-share growth declined in the company's most recently reported quarter from 60% to 36%, the top line rose 41%, up from 27% in the previous report.
Alamos Gold earns the No. 4 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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