On Thursday, Knife River reached a noteworthy technical benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 86, an increase from 72 the day before.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating of at least 80 as they begin their biggest runs.
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Knife River is building a consolidation with a 108.83 entry. See if the stock can clear the breakout price in heavy trade. Be aware that it's a third-stage base. Later-stage patterns can work, but have a higher chance of failing since, by that point, the stock has already risen significantly..
Top and bottom line growth moved higher in the company's most recent 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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