In a welcome move, Cameco stock saw its Relative Strength Rating improve from 61 to 71 on Tuesday.
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 share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 in the early stages of their moves. See if Cameco stock can continue to rebound and hit that benchmark.
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Is Cameco Stock A Buy?
While Cameco stock is not near an ideal entry right now, see if it goes on to form and break out of a proper base. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The precious metal miner saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 50%. Revenue rose from 8% to 13%.
Cameco stock earns the No. 2 rank among its peers in the Mining-Metal Ores industry group. Cameco and Ero Copper are also among the group's highest-rated stocks.
