Tecnoglass had its Relative Strength (RS) Rating upgraded from 79 to 84 Thursday.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
Tecnoglass is working on a consolidation with an 86.99 entry. See if the stock can break out in volume at least 40% higher than normal. It's a later-stage pattern, and investors should be aware that those are less likely to launch sustained new runs.
In terms of top and bottom line numbers, the company has posted three quarters of rising earnings growth. Sales growth has also increased over the same time frame. Tecnoglass is expected to report its next quarterly numbers on or around May 8.
The company earns the No. 2 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products 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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