Stocks Generating Improved Relative Strength: Turquoise Hill Resources

The Relative Strength (RS) Rating for Turquoise Hill Resources (TRQ) moved up into a new percentile Thursday, as it got a lift from 62 to 73.


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

This exclusive rating from Investor’s Business Daily identifies share 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 stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves. See if Turquoise Hill Resources can continue to show renewed price strength and clear that threshold.

Looking For The Best Stocks To Buy And Watch? Start Here

Turquoise Hill Resources is not currently offering a proper buying opportunity. See if the stock goes on to build a sound pattern that could launch a new move.

Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 436%, compared to 41% in the prior report. Revenue increased from 83% to 303%. The next quarterly numbers are expected on or around Jul. 28.

Turquoise Hill Resources earns the No. 12 rank among its peers in the Mining-Metal Ores industry group. Mesabi Trust (MSB) and BHP Billiton (BHP) are also among the group’s highest-rated stocks.


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