The Relative Strength (RS) Rating for Tenaris ADR moved up into a new percentile Wednesday, as it got a lift from 70 to 78.
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IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves. See if Tenaris ADR can continue to rebound and hit that benchmark.
Tenaris ADR is working on a cup without handle with a 40.87 entry. See if it can clear the breakout price in heavy trade.
Although earnings and sales growth came in at -26% and -15%, respectively, in the latest report, that showed improvement for both earnings-per-share and sales. Tenaris ADR is expected to release its next quarterly numbers on or around Jul. 30.
Tenaris ADR earns the No. 2 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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