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Piedmont Lithium Stock Digs Up An 81 RS Rating

When looking for the best stocks to buy and watch, focus on those with rising relative price strength. Piedmont Lithium (PLL) had its Relative Strength (RS) Rating upgraded from 78 to 81 on Wednesday. Is Piedmont Lithium stock on your radar?




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

IBD’s unique RS Rating identifies market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Decades of market research reveals that the best stocks typically have an RS Rating of at least 80 as they begin their biggest price moves. So the 81 RS Rating for Piedmont Lithium stock is noteworthy.


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Is Piedmont Lithium Stock A Buy?

Piedmont Lithium stock has climbed more than 5% past a 9.29 entry in a first-stage consolidation, meaning it’s now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks-tight pattern or a pullback to the 50-day or 10-week line.

The lithium miner showed a 271% contraction in earnings in the latest quarterly report. Sales were flat. Look for the next report on or around Oct. 28.

Piedmont Lithium stock holds the No. 29 rank among its peers in the Mining-Metal Ores industry group. Vedanta (VEDL) and Mesabi Trust (MSB) are also among the group’s highest-rated stocks.

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