Electrical Leader Atkore stock has been performing well and holding steady with 96 Relative Strength Rating. The stock is trading about 14% under a 118.59 buy point. The current formation is a third-stage consolidation, which involves more risk than a first- or second-stage formation. Keep this stock on your watch list and wait for a breakout on above-average volume.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds 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 often have an 80 or higher RS Rating in the early stages of their moves. See if Sanmina can continue to show renewed price strength and hit that benchmark.
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Atkore Keeps Growing Earnings
The Illinois-based firm reported 144% earnings growth for its first quarter of fiscal 2022 (ended Dec. 24). Revenue gains came in at 65%.
Atkore stock has a 96 Composite Rating and earns the No. 2 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Builders Firstsource is the top-ranked stock within the group.
