One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Granite Construction stock cleared that benchmark Friday, with a jump from 77 to 83 Friday.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Is Granite Construction Stock A Buy?
Granite Construction retook its 200-day moving average in late October and has been rallying ever since. The stock is not currently near a potential buy zone. See if the stock goes on to build a base that could launch a new move. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher last quarter. Earnings were up 34%, compared to -28% in the prior report. Revenue increased from -8% to -5%.
Granite Construction stock holds the No. 5 rank among its peers in the Building-Heavy Construction industry group. Sterling Infrastructure and KBR Inc are also among the group's highest-rated stocks.
