Steel Dynamics saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 64 to 71.
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This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves. See if Steel Dynamics can continue to show renewed price strength and hit that benchmark.
Steel Dynamics is trying to complete a double bottom with a 139.65 entry. See if it can clear the breakout price in volume at least 40% above average.
While EPS growth declined in the company's most recent quarterly report from -48% to -61%, the top line grew -7%, up from -9% in the previous report.
The company holds the No. 3 rank among its peers in the Steel-Producers industry group. Grupo Simec 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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