On Tuesday, Knife River received an upgrade to its Relative Strength (RS) Rating, from 73 to 83.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The rating 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 stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest climbs.
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Knife River is trying to complete a consolidation with a 108.83 entry. See if it can break out in heavy volume. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 14%. Revenue rose from 1% to 2%.
The company earns the No. 4 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. U.S. Lime & Minerals is the top-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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