On Thursday, MasTec hit an important technical benchmark, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an upgrade to 84, an increase from 80 the day before.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buying range in heavy trade.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 136%, compared to 72% in the prior report. Revenue increased from 0% to 4%.
MasTec earns the No. 7 rank among its peers in the Building-Heavy Construction industry group. Argan, Ferrovial and Willdan Group are among the top 5 highly rated stocks 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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