MDU Resources Group saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 80 to 84.
IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they launch their biggest runs.
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While the stock is not near an ideal buying range right now, see if it goes on to form and break out of a proper base.
While earnings growth fell in the company's most recent quarterly report from 36% to 10%, sales grew 7%, up from -6% in the prior report. The next quarterly numbers are expected on or around Apr. 30.
MDU Resources Group earns the No. 11 rank among its peers in the Diversified Operations industry group. Roper Technologies, Berkshire Hathaway Cl A and Berkshire Hathaway Cl B 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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