ABM Industries had its Relative Strength (RS) Rating upgraded from 69 to 72 Tuesday — a welcome improvement, but still below the 80 or better score you look for.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they launch their largest price moves. See if ABM Industries can continue to show renewed price strength and hit that benchmark.
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ABM Industries is trying to complete a consolidation with a 59.78 buy point. See if the stock can clear the breakout price in heavy volume. It's a later-stage pattern, and investors should be aware that those involve more risk.
Earnings growth dropped last quarter from 19% to -11%. But revenue gains moved higher, from 3% to 4%.
The company holds the No. 5 rank among its peers in the Building-Maintenance & Services industry group. EMCOR Group is the top-ranked stock within the group.
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