The Relative Strength (RS) Rating for Freeport-McMoRan jumped into a new percentile Tuesday, as it got a lift from 65 to 72.
IBD's unique rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating of over 80 in the early stages of their moves. See if Freeport-McMoRan can continue to rebound and hit that benchmark.
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Freeport-McMoRan is building a consolidation with a 55.23 entry. See if it can clear the breakout price in heavy trade.
While earnings growth decreased in the prior quarter from 31% to -3%, revenue grew 17%, up from 15% in the previous report.
Freeport-McMoRan earns the No. 6 rank among its peers in the Mining-Metal Ores industry group. Southern Copper, Alcoa and Mesabi Trust are among the top 5 highly rated stocks within the group.
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