In a welcome move, Ternium saw its Relative Strength Rating improve from 66 to 78 on Thursday.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Ternium can continue to show renewed price strength and clear that threshold.
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Ternium stock has risen more than 5% past a 39.70 entry in a third-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Ternium posted 64% EPS growth in its most recent report. Sales increased 68%.
Ternium holds the No. 10 rank among its peers in the Steel-Producers industry group. Steel Dynamics and United States Steel are also among the group's highest-rated stocks.
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