On Thursday, Clean Harbors earned an upgrade to its Relative Strength (RS) Rating, from 70 to 74.
IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Clean Harbors can continue to show renewed price strength and hit that benchmark.
Can You Really Time The Stock Market?
Clean Harbors is trying to complete a consolidation with a 267.11 buy point. See if the stock can break out in heavy trading. It's a later-stage pattern, and investors should be aware that those involve more risk.
In terms of fundamentals, the company has posted two quarters of accelerating earnings growth. Top line growth has also risen during the same period. Clean Harbors is expected to release its next quarterly numbers on or around Feb. 26.
The company holds the No. 4 rank among its peers in the Pollution-Control industry group. Aris Water Solutions is the No. 1-ranked stock within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
