One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Everus Construction Group just hit that mark, with a jump from 66 to 81 Tuesday.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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While now is not an ideal time to jump in, see if the stock goes on to offer and clear an appropriate buy point.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 15%. Revenue rose from -6% to 6%.
The company earns the No. 13 rank among its peers in the Building-Heavy Construction industry group. Argan, Great Lakes Dredge and Quanta Services are among the top 5 highly rated stocks within the group.
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