On Tuesday, Montrose Environmental reached a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 93, up from 90 the day before.
Here Are 3 Keys For Successful Stock Investing
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the top-performing stocks tend to have an 80 or higher RS Rating at the beginning of a new price run.
While now is not an ideal time to jump in, see if the stock is able to form a consolidation and break out.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 215%, compared to -56% in the prior report. Revenue increased from 14% to 35%.
The company earns the No. 1 rank among its peers in the Pollution-Control industry group. Perma-Pipe Intl and Ceco Environmental 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
