The Relative Strength (RS) Rating for Martin Marietta jumped into a higher percentile Wednesday, as it got a lift from 67 to 72.
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IBD's proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Martin Marietta can continue to show renewed price strength and hit that benchmark.
Martin Marietta has moved more than 5% past a 569.81 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
EPS growth fell in the company's latest report from 3% to -89%, but sales rose from 1% to 8%. Look for the next report on or around Aug. 7.
The company holds the No. 4 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. Smith-Midland 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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