The Relative Strength (RS) Rating for Dycom Industries moved into a higher percentile Wednesday, as it got a lift from 63 to 71.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest price moves. See if Dycom Industries can continue to rebound and clear that threshold.
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While Dycom Industries is not near an ideal buying range right now, see if it manages to form and break out from a proper chart pattern.
Dycom Industries reported -5% earnings growth last quarter. Revenue increased 12%. The company is expected to report its latest results on or around Feb. 26.
The company holds the No. 1 rank among its peers in the Telecom-Infrastructure industry group. Ubiquiti and Inseego are also among the group's highest-rated stocks.
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