The Relative Strength (RS) Rating for Knife River climbed into a new percentile Tuesday, with an increase from 78 to 85.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of over 80 in the early stages of their moves.
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Knife River is now considered extended and out of buy range after clearing an 83.78 buy point in a second-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Knife River saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 14%. Revenue rose from 1% to 2%.
Knife River holds the No. 2 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. CRH 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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