When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating . Pretium Resources ( PVG ) just cleared that benchmark with an upgrade from 74 to 84.
[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
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Pretium Resources is working on a cup with handle with a 12.54 entry . See if the stock can clear the breakout price in heavy trade.
Taking a look at revenue and profit performance, Pretium Resources has posted three quarters of increasing earnings growth. Revenue gains have been a different story, coming in at 0% last quarter.
Pretium Resources earns the No. 2 rank among its peers in the Mining-Gold/Silver/Gems industry group. ( KL ) is the No. 1-ranked stock 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.
