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Rio Tinto ADR (RIO) saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 70 to 74. IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 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 of above 80 in the early stages of their moves. See if Rio Tinto ADR can continue to rebound and hit that benchmark. Rio Tinto ADR has risen more than 5% past a 64.76 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line. Rio Tinto ADR posted 386% earnings growth last quarter. Sales gains came in at 0%. Rio Tinto ADR holds the No. 7 rank among its peers in the Mining-Metal Ores industry group. Hudbay Minerals (HBM), Cameco (CCJ) and Ero Copper (ERO) are among the top 5 highly rated stocks within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
