The Relative Strength (RS) Rating for Casella Waste Sys Cl A jumped into a new percentile Thursday, as it got a lift from 66 to 72.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an RS Rating of above 80 as they launch their largest runs. See if Casella Waste Sys Cl A can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Casella Waste Sys Cl A broke out earlier, but has fallen back below the prior 109.08 entry from a flat base. If a stock you're tracking breaks past a buy point then falls 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout. Also understand that the latest consolidation is a later-stage base, and such bases are more prone to failure.
Earnings growth picked up last quarter from -39% to -23%. But revenue gains fell from 30% to 17%.
The company earns the No. 14 rank among its peers in the Pollution-Control industry group. Aris Water Solutions, Perma-Pipe Intl and Clean Harbors are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
