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Lithium Americas Shows Market Leadership With Jump To 82 RS Rating

Lithium Americas (LAC) saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 70 to 82.




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

This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the trailing 52 weeks matches up against other publicly traded companies.

Over 100 years of market history shows that the best stocks tend to have an RS Rating of over 80 as they begin their biggest price moves.


See How IBD Helps You Make More Money In Stocks


While it’s not currently an ideal time to buy shares, see if the stock goes on to form a base and break out.

In terms of fundamentals, Lithium Americas has posted two quarters of increasing earnings growth. Sales growth has been less impressive, coming in at -100% last quarter. Lithium Americas is expected to report its next quarterly numbers on or around Aug. 14.

Lithium Americas earns the No. 27 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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