Commercial Metals saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 70 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History shows that the best stocks often have an 80 or better RS Rating as they launch their biggest price moves. See if Commercial Metals can continue to rebound and clear that threshold.
Commercial Metals has climbed more than 5% past a 53.59 entry in a first-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.
Although earnings and sales growth came in at -27% and -3%, respectively, in the latest report, that showed improvement for both earnings-per-share and sales.
The company earns the No. 14 rank among its peers in the Metal-Fabricators industry group. Century Aluminum, Mueller Industries and Insteel Industries 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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