Gold Field Stock Sees Improved Technical Strength

In a welcome move, Gold Field (GFI) stock saw its Relative Strength Rating rise from 69 to 75 on Thursday.

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IBD’s proprietary rating tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the last 52 weeks holds up against all the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if Gold Field stock can continue to rebound and clear that threshold.

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Is Gold Field Stock A Buy?

Gold Field stock is in a buy zone after clearing a 17.24 entry in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it’s best to wait for it to set up another buying opportunity..

The South Africa-based precious metal company posted -33% earnings growth last quarter. Revenue gains came in at 9%. Keep an eye out for the company’s next round of numbers on or around Aug. 15.

Gold Field stock earns the No. 28 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines (AEM), Eldorado Gold (EGO) and Idaho Strategic Resources (IDR) are among the top 5 highly rated stocks within the group.

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