On Wednesday, SABESP ADR got a positive adjustment to its Relative Strength (RS) Rating, from 78 to 86.
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IBD's proprietary rating measures market leadership 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.
History shows that the best stocks often have an RS Rating of above 80 as they begin their biggest runs.
SABESP ADR is still within a buying range after breaking past a 22.18 entry in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
In terms of fundamentals, SABESP ADR has posted two quarters of accelerating earnings growth. Revenue growth has also risen during the same period.
SABESP ADR holds the No. 1 rank among its peers in the Utility-Water Supply industry group. Consolidated Water and American Water Works 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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