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Gold Field (GFI) stock saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 87 to 91.
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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s proprietary RS Rating measures market leadership by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 as they launch their largest climbs.
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Is Gold Field Stock A Buy?
Gold Field stock retook its 200-day moving average in mid-November and has held its position since then. The gold stock is not currently near a potential buy zone. See if the stock goes on to build a chart pattern that could spark a new run.
The South African gold exploration company posted 32% EPS growth in its most recent report, while sales growth came in at 13%.
Gold Field earns the No. 4 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines (AEM) and Franco-Nevada (FNV) are among the top 5 highly rated stocks within the group.
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Image and article originally from www.investors.com. Read the original article here.