MasTec saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 68 to 78.
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This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an 80 or better RS Rating in the early stages of their moves. See if MasTec can continue to show renewed price strength and hit that benchmark.
While the stock is not near a proper buying range right now, see if it goes on to form and break out from a proper consolidation.
Earnings grew 136% last quarter, up from 72% in the prior report. Revenue also increased, from 0% to 4%. The next quarterly numbers are expected on or around May 1.
The company holds the No. 10 rank among its peers in the Building-Heavy Construction industry group. Argan, Ferrovial and Construction Ptrs Cl A 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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