The Relative Strength (RS) Rating for Steel Dynamics moved into a new percentile Monday, as it got a lift from 66 to 75.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an 80 or better RS Rating as they begin their largest climbs. See if Steel Dynamics can continue to show renewed price strength and clear that threshold.
Steel Dynamics is working on a double bottom with a 139.65 buy point. See if the stock can break out in heavy trading.
Earnings growth slowed last quarter from -48% to -61%. But revenue moved higher, from -9% to -7%.
Steel Dynamics holds the No. 2 rank among its peers in the Steel-Producers industry group. Grupo Simec 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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