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Stocks With Rising Relative Price Strength: Southern Copper


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When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating . Southern Copper ( SCCO ) now meets that criteria, with an increase from 80 to 83 Thursday.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies market leadership 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 best stocks tend to have an RS Rating north of 80 as they launch their biggest climbs.

See How IBD Helps You Make More Money In Stocks

Southern Copper is now considered extended and out of buy range after clearing a 44.79 buy point in a second-stage flat base . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings grew 100% last quarter, up from 34% in the prior report. Revenue also increased, from 15% to 20%. The next quarterly numbers are expected on or around Mar. 1.

The company holds the No. 9 rank among its peers in the Mining-Metal Ores industry group. Vale ( VALE ), BHP Billiton ( BBL ) and BHP Billiton ( BHP ) are among the top 5 highly rated stocks within the group.

RELATED:

Which Stocks Are Showing Rising Relative Strength?

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock



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 , VALE , BBL , BHP



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