In a welcome move, AZZ saw its Relative Strength Rating improve from 70 to 79 on Tuesday.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if AZZ can continue to rebound and clear that threshold.
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While the stock is not near a proper buy zone right now, see if it goes on to form and break out from a proper chart pattern.
AZZ saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 8% to 17%. Revenue rose from 3% to 6%. Look for the next report on or around Apr. 18.
The company earns the No. 1 rank among its peers in the Electrical Power/Equipment industry group. EnerSys and Powell Industries are also among the group's highest-rated stocks.
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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