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Teck Resources Earns Relative Strength Rating Upgrade; Hits Key Threshold

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When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating . Teck Resources ( TECK ) just cleared that benchmark with an upgrade from 78 to 86.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary rating tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.

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Teck Resources is building a cup with handle with a 25.77 buy point . See if it can break out in volume at least 40% higher than normal.

The company reported 315% EPS growth in its most recent report, while sales growth came in at 36%.

Teck Resources holds the No. 3 rank among its peers in the Mining-Metal Ores industry group. Mesabi Trust ( MSB ) 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.

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