MasTec saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 77 to 84.
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
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While now is not an ideal time to invest, see if the stock goes on to form a base and break out.
Top and bottom line growth moved higher last quarter. Earnings were up 136%, compared to 72% in the prior report. Revenue increased from 0% to 4%.
The company holds the No. 7 rank among its peers in the Building-Heavy Construction industry group. Argan, Ferrovial and Construction Ptrs Cl A 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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