Construction Ptrs Cl A had its Relative Strength (RS) Rating upgraded from 86 to 91 Friday.
Here Are 3 Keys For Successful Stock Investing
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against all other stocks in our database.
History reveals that the best stocks typically have an 80 or better RS Rating as they begin their biggest runs.
Construction Ptrs Cl A is now considered extended and out of buy range after clearing a 66.78 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Construction Ptrs Cl A saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -5% to 32%. Revenue rose from 13% to 42%. The next quarterly numbers are expected on or around May 9.
The company earns the No. 3 rank among its peers in the Building-Heavy Construction industry group. Argan 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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