The Relative Strength (RS) Rating for Jacobs Solutions jumped into a new percentile Thursday, with a rise from 78 to 81.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Decades of market research reveals that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
Jacobs Solutions is trading within a buy zone after breaking past a 144.49 entry in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
Earnings grew 25% last quarter, up from 22% in the prior report. Revenue also increased, from 2% to 5%.
The company holds the No. 10 rank among its peers in the Building-Heavy Construction industry group. Primoris Services, Sterling Infrastructure and Argan are among the top 5 highly rated stocks 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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