On Wednesday, Vulcan Materials got a positive adjustment to its Relative Strength (RS) Rating, from 63 to 71.
How To Invest In Stocks In Both Bull And Bear Markets
This proprietary 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.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 as they launch their largest price moves. See if Vulcan Materials can continue to show renewed price strength and clear that threshold.
Vulcan Materials is building a consolidation with a 298.31 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Vulcan Materials posted 4% earnings growth last quarter, while sales growth came in at 4%.
The company holds the No. 6 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. Smith-Midland, U.S. Lime & Minerals and CRH are among the top 5 highly rated stocks 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
