The Relative Strength (RS) Rating for Teck Resources entered a new percentile Wednesday, with a rise from 74 to 84.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Teck Resources is not currently showing a potential buy point. The stock still needs to clear overhead moving averages. See if the stock goes on to build a chart pattern that could kick off a new price move.
The company showed -7% EPS growth last quarter, while sales growth came in at 18%.
The company earns the No. 4 rank among its peers in the Mining-Metal Ores industry group. Woodside Energy Grp is also among the group's highest-rated stocks.
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