The Relative Strength (RS) Rating for Teck Resources Cl B entered a new percentile Wednesday, as it got a lift from 64 to 72.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History reveals that the market's biggest winners tend to have an RS Rating of above 80 as they launch their largest price moves. See if Teck Resources Cl B can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Teck Resources Cl B is building a consolidation with a 55.13 buy point. See if the stock can break out in heavy volume.
Earnings grew 275% last quarter, up from -65% in the prior report. Revenue also increased, from 29% to 44%.
The company earns the No. 6 rank among its peers in the Mining-Metal Ores industry group. Southern Copper, Alcoa and Freeport-McMoRan are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
