Mueller Industries had its Relative Strength (RS) Rating upgraded from 69 to 78 Tuesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
Can You Really Time The Stock Market?
IBD's proprietary rating tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of at least 80 as they launch their largest climbs. See if Mueller Industries can continue to rebound and clear that threshold.
Mueller Industries is trying to complete a consolidation with a 96.81 entry. See if it can clear the breakout price in heavy volume. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
Mueller Industries posted 15% earnings growth in its most recent report. Revenue rose 18%.
Mueller Industries earns the No. 3 rank among its peers in the Metal-Fabricators industry group. Insteel Industries 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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