Constellium Cl A saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 79 to 84.
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This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
History shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
Constellium Cl A is still inside a buy zone after clearing a 15.43 buy point in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
While the company's bottom line growth fell in the prior quarter from 86% to -51%, revenue rose 9%, up from 5% in the prior report.
Constellium Cl A earns the No. 3 rank among its peers in the Steel-Specialty Alloys industry group. ATI is the No. 1-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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