On Wednesday, U.S. Lime & Minerals reached an important technical milestone, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an upgrade to 83, an increase from 80 the day before.
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This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves.
U.S. Lime & Minerals has moved more than 5% past an 87.13 entry in a third-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
U.S. Lime & Minerals posted 18% EPS growth in its most recent report. Sales rose 20%.
U.S. Lime & Minerals earns the No. 2 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. Smith-Midland is the top-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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