On Monday, MYR Group got an upgrade to its Relative Strength (RS) Rating, from 86 to 91.
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This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against all other stocks in our database.
History reveals that the best stocks often have an 80 or better RS Rating as they begin their largest climbs.
MYR Group is working on a consolidation with a 168.88 buy point. See if it can clear the breakout price in volume at least 40% above average.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 29%, compared to -31% in the prior report. Revenue increased from -17% to 2%.
The company holds the No. 5 rank among its peers in the Building-Maintenance & Services industry group. IES Holdings is the No. 1-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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