Nucor had its Relative Strength (RS) Rating upgraded from 67 to 71 Wednesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest price moves. See if Nucor can continue to rebound and clear that threshold.
While the stock is not near an ideal buy zone right now, see if it is able to form and break out from a proper base.
Earnings growth decreased last quarter from -51% to -68%. But sales moved higher, from -8% to -4%. The next quarterly numbers are expected on or around Jul. 28.
The company earns the No. 5 rank among its peers in the Steel-Producers industry group. Grupo Simec ADR 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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