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POSCO Clears Key Benchmark, Hitting 80-Plus RS Rating

When looking for the best stocks to buy and watch, focus on those with rising relative price strength.

One stock that fits that bill is POSCO (PKX), which had its Relative Strength (RS) Rating upgraded from 79 to 82 Friday.

When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary rating measures market leadership 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.

Decades of market research shows that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest price moves.


See How IBD Helps You Make More Money In Stocks


POSCO has climbed more than 5% past a 67.49 entry in a second-stage cup without handle, meaning it’s now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings grew 4,750% last quarter, up from 196% in the prior report. Revenue also increased, from 19% to 41%.

POSCO earns the No. 7 rank among its peers in the Steel-Producers industry group. Steel Dynamics (STLD) and Ternium (TX) are also among the group’s highest-rated stocks.

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