On Thursday, Materion hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 80 the day before.
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IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves.
Materion is working on a cup without handle with a 123.21 entry. See if the stock can break out in heavy trading.
The company showed -4% EPS growth in the latest quarterly report. Revenue rose 1%.
The company holds the No. 6 rank among its peers in the Metal-Fabricators industry group. Mueller Industries, Insteel Industries and Century Aluminum 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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