Nucor had its Relative Strength (RS) Rating upgraded from 61 to 71 Thursday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
Can You Really Time The Stock Market?
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Nucor can continue to rebound and hit that benchmark.
Nucor is building a cup with handle with a 147.15 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings grew -2% last quarter, up from -68% in the prior report. Revenue also increased, from -4% to 5%.
The company holds the No. 4 rank among its peers in the Steel-Producers industry group. ArcelorMittal ADR 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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