Southern Copper Stock Scores RS Rating Upgrade

The Relative Strength (RS) Rating for Southern Copper (SCCO) stock jumped into a new percentile Thursday, with a rise from 78 to 81.

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This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price performance over the last 52 weeks matches up against the rest of the market.

Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves.

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Is Southern Copper Stock A Buy?

Southern Copper stock is working on a consolidation with a 129.79 buy point. See if precious metal stock can clear the breakout price in volume at least 40% higher than normal.

Taking a look at top and bottom line numbers, Southern Copper has posted rising EPS growth over the last two quarters. Sales gains have also risen over the same time frame. Southern Copper is expected to release its next quarterly numbers on or around Oct. 22.

Southern Copper stock earns the No. 3 rank among its peers in the Mining-Metal Ores industry group. Southern Copper (SCCO) is the No. 1-ranked stock within the group.

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