One important metric to look for in a stock is an 80 or higher Relative Strength Rating. AECOM cleared that benchmark Tuesday, with a jump from 79 to 83 Tuesday.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves.
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AECOM is working on a flat base with a 118.56 entry. See if the stock can break out in volume at least 40% above average.
While the company's top line growth fell last quarter from 13% to 7%, earnings-per-share grew 26%, up from 23% in the prior report. The next quarterly numbers are expected on or around Feb. 3.
AECOM earns the No. 4 rank among its peers in the Building-Heavy Construction industry group. Argan is the No. 1-ranked stock within the group.
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