Lithium Americas stock Joins Rank Of Stocks With RS Ratings Over 90

Lithium Americas (LAC) saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 90 to 93.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating tracks market leadership by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.

Decades of market research shows that the best stocks tend to have an 80 or better RS Rating at the beginning of a new run.

See How IBD Helps You Make More Money In Stocks

Lithium Americas stock is now considered extended and out of a traditional buy range after clearing a 17.07 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback then breakout from the 50-day or 10-week moving average.

Lithium Americas reported negative growth for both sales and earnings last quarter.

The company holds the No. 25 rank among its peers in the Mining-Metal Ores industry group. Teck Resources (TECK), Mesabi Trust (MSB) and Vedanta (VEDL) are among the top 5 highly rated stocks within the group.


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