Momentum is on the side of this mining stock that's breaking out, says Katie Stockton

While precious metals like gold and related equities have been top-performing assets this year, the industrial metals complex has picked up in the second half, showing technical improvement as we approach 2026. Rio Tinto (RIO) is a global leader in mining iron ore, aluminum and other metals. In November, RIO confirmed a breakout above long-term trendline resistance dating back to 2021. The breakout resolves a multiyear consolidation phase to the upside, a bullish development for the months ahead. The monthly MACD has moved into positive territory, reflecting a meaningful bullish shift in long-term momentum. RIO has an intermediate-term uptrend in place, with price holding above support from its rising 50-day (10-week) moving average near $70. The uptrend is supported by the weekly MACD, an