The Relative Strength (RS) Rating for Century Aluminum entered a new percentile Friday, as it got a lift from 68 to 78.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Century Aluminum can continue to rebound and clear that threshold.
Century Aluminum is now considered extended and out of buy range after clearing a 17.88 buy point in a second-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -2% to 0%. Revenue rose from 23% to 30%. The company is expected to report its latest numbers on or around Aug. 6.
The company earns the No. 5 rank among its peers in the Metal-Fabricators industry group. Mueller Industries is the top-ranked stock 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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