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Stocks With Rising Relative Price Strength: Arconic

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The Relative Strength ( RS ) Rating for Arconic ( ARNC ) jumped into a new percentile Friday, with an increase from 76 to 82.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves.

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Arconic is trying to complete a consolidation with a 30.79 buy point . See if the stock can break out in volume at least 40% above average.

While earnings growth declined last quarter from 59% to -15%, sales rose 3%, up from 1% in the previous report. Keep an eye out for the company's next round of numbers on or around Jan. 31.

The company holds the No. 13 rank among its peers in the Mining-Metal Ores industry group. BHP Billiton ( BHP ), Mesabi Trust ( MSB ) and Vale ( VALE ) 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.

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