Royal Gold (RGLD) had its Relative Strength (RS) Rating upgraded from 80 to 84 Thursday.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
The stock is building a cup without handle with an 87.84 entry. See if it can break out in heavy volume.
While earnings growth dropped in the prior quarter from 9% to 14%, the top line grew 24%, up from 57% in the prior report.
Royal Gold earns the No. 1 rank among its peers in the Mining-Gold/Silver/Gems industry group. Royal Gold (RGLD) and Dominion Diamond (DDC) are also among the group's highest-rated stocks.
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