Jacobs Solutions saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 64 to 78.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves. See if Jacobs Solutions can continue to rebound and clear that threshold.
Jacobs Solutions is within a buying range after clearing a 144.49 entry in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity..
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 22% to 25%. Revenue rose from 2% to 5%.
Jacobs Solutions earns the No. 12 rank among its peers in the Building-Heavy Construction industry group. Primoris Services, Construction Ptrs Cl A and Sterling Infrastructure 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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