Miner Teck Resources Clears Key RS Rating Benchmark

Teck Resources (TECK) hit an important technical milestone on Wednesday, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 79 the day before. Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they begin their biggest climbs.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique RS Rating tracks technical performance by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.

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While Teck Resources is not currently near a potential buying area, see if the stock goes on to build a sound pattern that could ignite a new run.

In terms of fundamental health, the company has posted four quarters of accelerating earnings growth. Sales growth has also moved higher during the same period. The company is expected to report its next quarterly numbers on or around Jul. 22.

The company holds the No. 8 rank among its peers in the Mining-Metal Ores industry group. Mesabi Trust (MSB) and Freeport McMoRan (FCX) are also among the group’s highest-rated stocks.


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