When building your watch list, look for stocks with an 80 or higher RS Rating. AECOM just cleared that benchmark with an upgrade from 80 to 83.
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IBD's proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves.
AECOM has climbed more than 5% past a 114.22 entry in a second-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth fell in the company's latest report from 20% to 16%, but the top line rose from -4% to 1%.
AECOM earns the No. 11 rank among its peers in the Building-Heavy Construction industry group. Primoris Services, Construction Ptrs Cl A and Sterling Infrastructure 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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