SABESP ADR had its Relative Strength (RS) Rating upgraded from 70 to 76 Thursday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest runs. See if SABESP ADR can continue to rebound and clear that threshold.
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SABESP ADR broke out earlier, but is now trading about 5% below the prior 17.21 entry from a double bottom. If a stock you're watching clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also understand that the latest consolidation is a later-stage base, and those involve more risk.
SABESP ADR saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 39% to 556%. Revenue rose from -6% to 114%. Look for the next report on or around Mar. 24.
The company holds the No. 1 rank among its peers in the Utility-Water Supply industry group. American Water Works and Middlesex Water are also among the group's highest-rated stocks.
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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