Credit: Shutterstock photoBHP Billiton ( BHP ) saw a positive improvement to its Relative Strength ( RS ) Rating on Monday, rising from 68 to 72.
[ibd-display-video id=2368044 width=50 float=left autostart=true] This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if BHP Billiton can continue to rebound and clear that threshold.
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BHP Billiton is trying to complete a flat base with a 44.72 buy point . See if the stock can clear the breakout price in heavy volume.
The company showed 457% EPS growth in the latest quarterly report, while sales growth came in at 28%.
The company holds the No. 7 rank among its peers in the Mining-Metal Ores industry group. Mesabi Trust ( MSB ), Vale ( VALE ) and Teck Resources ( TECK ) are among the top 5 highly rated stocks within the group.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
