The Relative Strength (RS) Rating for Alcoa stock jumped into a new percentile Tuesday, as it got a lift from 70 to 75.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the top-performing stocks typically have an RS Rating north of 80 as they launch their largest climbs. See if Alcoa stock can continue to show renewed price strength and hit that benchmark.
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Is Alcoa Stock A Buy?
Alcoa stock is edging its way up from the bottom of the base, retaking its 200-day moving average in recent weeks. The aluminum processor stock is not currently offering a proper buying opportunity. See if the stock goes on to build a base that could kick off a new price move.
The company showed 0% earnings growth in the latest quarterly report, while sales growth came in at -20%.
Alcoa stock holds the No. 22 rank among its peers in the Mining-Metal Ores industry group. BHP Group ADR and Rio Tinto ADR are also among the group's highest-rated stocks.
