The Relative Strength (RS) Rating for Dycom Industries entered a new percentile Friday, with a rise from 79 to 82.
IBD's proprietary RS Rating tracks market leadership 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 other publicly traded companies.
History shows that the market's biggest winners tend to have an RS Rating of over 80 as they launch their biggest price moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a consolidation and break out.
Dycom Industries posted -5% EPS growth last quarter. Sales rose 12%.
The company holds the No. 2 rank among its peers in the Telecom-Infrastructure industry group. Dycom Industries is the No. 1-ranked stock within the group.
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