The Relative Strength (RS) Rating for Martin Marietta jumped into a new percentile Wednesday, as it got a lift from 69 to 75.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Martin Marietta can continue to rebound and clear that threshold.
Martin Marietta is now considered extended and out of buy range after clearing a 569.81 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth rose in the company's latest report from -89% to 14%, but sales fell from 8% to 3%.
The company holds the No. 5 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. U.S. Lime & Minerals is the No. 1-ranked stock 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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