On Tuesday, Kaiser Aluminum got a positive adjustment to its Relative Strength (RS) Rating, from 68 to 71.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves. See if Kaiser Aluminum can continue to show renewed price strength and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to offer and clear an appropriate buy point.
While revenue growth fell last quarter from 6% to 5%, the bottom line grew 132%, up from 87% in the prior report. Look for the next report on or around Jul. 24.
The company earns the No. 5 rank among its peers in the Metal-Fabricators industry group. Insteel Industries is the top-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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