Aris Water Solutions had its Relative Strength (RS) Rating upgraded from 63 to 76 Wednesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
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IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the top-performing stocks tend to have an 80 or better RS Rating as they launch their largest runs. See if Aris Water Solutions can continue to rebound and hit that benchmark.
Aris Water Solutions is not currently near a potential buying area. See if the stock goes on to form a base that could launch a new move.
While the company's bottom line growth declined last quarter from 12% to 3%, sales grew 17%, up from 14% in the previous report. The next quarterly numbers are expected on or around Jul. 30.
Aris Water Solutions earns the No. 2 rank among its peers in the Pollution-Control industry group. Perma-Pipe Intl 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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