On Thursday, Dycom Industries earned an upgrade to its Relative Strength (RS) Rating, from 80 to 93.
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This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 in the early stages of their moves.
Dycom Industries is now considered extended and out of buy range after clearing a 207.20 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.
The company reported 5% earnings growth in its most recent report, while sales growth came in at 10%.
Dycom Industries holds the No. 1 rank among its peers in the Telecom-Infrastructure industry group. Ubiquiti and Gogo Inc. 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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