Knife River saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 77 to 82.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds 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 80 or better RS Rating in the early stages of their moves.
Knife River is building a consolidation with a 108.83 entry. See if the stock can break out in volume at least 40% above average. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
Knife River saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 14%. Revenue rose from 1% to 2%. Look for the next report on or around May 6.
The company holds the No. 3 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. U.S. Lime & Minerals 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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