On Monday, US Steel hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 75 the day before.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
While now is not an ideal time to jump in, see if the stock manages to offer and clear a proper buy point.
The company showed 0% earnings growth last quarter, while sales growth came in at -10%.
US Steel holds the No. 9 rank among its peers in the Steel-Producers industry group. Grupo Simec ADR, Steel Dynamics and ArcelorMittal ADR 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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