MP Materials Stock Scores Rising Relative Strength Upgrade

On Monday, MP Materials (MP) stock got an upgrade to its Relative Strength (RS) Rating, from 76 to 83.

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

IBD’s proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the trailing 52 weeks matches up against that of all other stocks.

Over 100 years of market history shows that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.

Looking For The Best Stocks To Buy And Watch? Start Here

Is MP Materials Stock A Buy?

MP Materials stock is working on a consolidation with a 40.78 entry. See if it can break out in heavy trading. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

The rare earth miner posted 31% earnings growth last quarter. Revenue gains came in at 141%.

MP Materials stock holds the No. 4 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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