The Relative Strength (RS) Rating for Materion entered a new percentile Wednesday, with an increase from 77 to 81.
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IBD's proprietary rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
Materion is building a cup without handle with a 123.21 entry. See if it can clear the breakout price in heavy trade.
The company showed -4% EPS growth in its most recent report, while sales growth came in at 1%.
The company holds the No. 6 rank among its peers in the Metal-Fabricators industry group. Century Aluminum, Mueller Industries and Insteel Industries are among the top 5 highly rated stocks 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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