Advanced Drainage Systems had its Relative Strength (RS) Rating upgraded from 78 to 81 Thursday.
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This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against that of all other stocks.
History reveals that the best-performing stocks tend to have an RS Rating of over 80 as they launch their biggest price moves.
Advanced Drainage Systems is working on a cup without handle with a 179.57 buy point. See if the stock can break out in heavy trading.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -16% to -5%. Revenue rose from -6% to 2%.
The company holds the No. 12 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Acuity, Armstrong Wrld Ind and Masonglory are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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