In a welcome move, Nucor saw its Relative Strength Rating rise from 65 to 72 on Monday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
History reveals that the best stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Nucor can continue to rebound and hit that benchmark.
Nucor is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could launch a new move.
While earnings-per-share growth decreased in the company's most recent quarterly report from -51% to -68%, the top line rose -4%, up from -8% in the previous report. The next quarterly results are expected on or around Jul. 28.
The company earns the No. 4 rank among its peers in the Steel-Producers industry group. Tenaris ADR 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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