Casella Waste Sys Cl A saw its IBD SmartSelect Composite Rating rise to 96 Friday, up from 91 the day before.
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The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The best stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Casella Waste Sys Cl A broke out earlier, but is now trading right around the prior 116.31 entry from a flat base. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point.
The stock earns an 88 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 88% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported 27% earnings-per-share growth. Revenue growth increased 22%, up from 19% in the prior quarter. The company has now posted accelerating growth in each of the last two reports.
Casella Waste Sys Cl A holds the No. 1 rank among its peers in the Pollution-Control industry group. Waste Management and Aris Water Solutions are also among the group's highest-rated stocks.
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.
