Credit: Shutterstock photoIn a welcome move, Teck Resources ( TECK ) saw its Relative Strength Rating rise from 63 to 72 on Wednesday.
[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique rating tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Teck Resources can continue to show renewed price strength and clear that threshold.
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Teck Resources is building a cup with handle with a 25.77 entry . See if the stock can break out in heavy volume.
The company posted 315% EPS growth in the latest quarterly report, while sales growth came in at 36%.
Teck Resources earns the No. 4 rank among its peers in the Mining-Metal Ores industry group. Mesabi Trust ( MSB ) is the top-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.
