IBD Rating Upgrades: Turquoise Hill Resources Flashes Improved Price Strength

Turquoise Hill Resources (TRQ) had its Relative Strength (RS) Rating upgraded from 65 to 71 Monday — a welcome improvement, but still below the 80 or better score you prefer to see.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary rating tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the trailing 52 weeks compares to all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Turquoise Hill Resources can continue to show renewed price strength and hit that benchmark.

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Turquoise Hill Resources is not currently offering a proper buying opportunity. See if the stock goes on to build a sound pattern that could launch a new move.

Turquoise Hill Resources showed 33% earnings growth in the latest quarterly report. Revenue gains came in at 14%.

Turquoise Hill Resources holds the No. 11 rank among its peers in the Mining-Metal Ores industry group. Teck Resources (TECK) and Alcoa (AA) are also among the group’s highest-rated stocks.


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