Dycom Industries saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 77 to 81.
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This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
Dycom Industries is working on a consolidation with a 207.20 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 48%, compared to -5% in the prior report. Revenue increased from 12% to 14%. The next quarterly numbers are expected on or around May 27.
The company earns the No. 1 rank among its peers in the Telecom-Infrastructure industry group. Ubiquiti and Aviat Networks 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.
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