Waste Connections had its Relative Strength (RS) Rating upgraded from 68 to 73 Tuesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating of above 80 as they launch their biggest runs. See if Waste Connections can continue to rebound and hit that benchmark.
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Waste Connections broke out earlier, but has fallen back below the prior 187.53 entry from a flat base. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also keep in mind that the most recent pattern is a later-stage base, and such bases are more prone to failure.
Earnings growth declined in the company's latest report from 22% to 15%, but sales rose from 11% to 13%.
Waste Connections holds the No. 4 rank among its peers in the Pollution-Control industry group. Aris Water Solutions is the No. 1-ranked stock within the group.
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