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Stocks Flashing Renewed Technical Strength: Southern Copper


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On Thursday, Southern Copper ( SCCO ) earned an upgrade to its Relative Strength ( RS ) Rating , from 88 to 91.

[ibd-display-video id=3105496 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.

History shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they launch their largest price moves.

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Southern Copper has climbed more than 5% past a 44.79 entry in a second-stage flat base , meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.

Regarding top and bottom line numbers, the company has posted rising EPS growth in each of the last two reports. Revenue growth has also increased over the same time frame.

Southern Copper earns the No. 1 rank among its peers in the Mining-Metal Ores industry group. Southern Copper ( SCCO ) and BHP Billiton ( BBL ) are also among the group's highest-rated stocks.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: SCCO , RS , BBL



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