In a welcome move, Knife River saw its Relative Strength Rating improve from 65 to 73 on Tuesday.
This unique rating tracks 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.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they begin their biggest climbs. See if Knife River can continue to rebound and hit that benchmark.
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Knife River has climbed more than 5% past an 83.78 entry in a second-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher last quarter. Earnings were up 14%, compared to 1% in the prior report. Revenue increased from 1% to 2%.
The company holds the No. 4 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. U.S. Lime & Minerals 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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