The Relative Strength (RS) Rating for Mueller Industries jumped into a new percentile Wednesday, with an increase from 77 to 81.
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IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of over 80 as they launch their biggest price moves.
Mueller Industries broke out earlier, but has fallen back below the prior 86.55 entry from a cup with handle. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also understand that the latest consolidation is a later-stage base, and those involve more risk.
Earnings growth moved up last quarter from 15% to 57%, but the top line fell from 18% to 14%.
The company holds the No. 1 rank among its peers in the Metal-Fabricators industry group. Insteel Industries and RBC Bearings are also among the group's highest-rated stocks.
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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