Cameco had its Relative Strength (RS) Rating upgraded from 88 to 91 Friday.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to 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 north of 80 at the beginning of a new price run.
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Cameco is now considered extended and out of buy range after clearing a 56.24 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Cameco showed 0% EPS growth last quarter. Revenue rose 25%.
The company earns the No. 5 rank among its peers in the Mining-Metal Ores industry group. Alcoa is the top-ranked stock within the group.
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