Stocks Showing Rising Market Leadership: Southern Copper Earns 82 RS Rating

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Southern Copper (SCCO) just hit that mark, with a jump from 79 to 82 Thursday.


When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the top-performing stocks often have an RS Rating north of 80 as they begin their biggest runs.

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The IBD 50 stock is trying to complete a double bottom with a 79.72 buy point. See if the stock can break out in heavy trading. Keep in mind that it’s a later-stage consolidation, and those entail more risk.

In terms of top and bottom line numbers, the company has posted rising EPS growth over the last three quarters. Revenue gains have also risen over the same time frame. The company is expected to report its next quarterly numbers on or around Apr. 24.

Southern Copper holds the No. 4 rank among its peers in the Mining-Metal Ores industry group. Vale (VALE) and BHP Billiton (BHP) are also among the group’s highest-rated stocks.


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