Construction Ptrs Cl A saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 72 to 81.
This unique 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.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they begin their biggest climbs.
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Construction Ptrs Cl A is now considered extended and out of buy range after clearing a 66.78 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 32% last quarter, up from -5% in the prior report. Revenue also increased, from 13% to 42%.
The company earns the No. 4 rank among its peers in the Building-Heavy Construction industry group. Argan is the No. 1-ranked stock within the group.
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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