When building your watch list, focus on stocks with an 80 or higher RS Rating. Mueller Industries just met that criteria with a new score of 81.
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This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an 80 or higher RS Rating as they launch their biggest runs.
Mueller Industries is building a consolidation with a 96.81 buy point. See if the stock can clear the breakout price in heavy trading. Note that it's a sixth-stage base. Such patterns can work and do sometimes launch nice runs, but, statistically, they're more likely to fail than first- or second-stage consolidations.
Mueller Industries showed 15% earnings growth in its most recent report, while sales growth came in at 18%.
The company holds the No. 3 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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