Pan American Silver saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 80 to 87.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near a proper entry right now, see if it is able to form and break out of a proper chart pattern.
Top and bottom line growth moved higher last quarter. Earnings were up 3,100%, compared to 38% in the prior report. Revenue increased from 7% to 16%.
Pan American Silver holds the No. 18 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and Triple Flag Prec Metals are among the top 5 highly rated stocks within the group.
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