MasTec stock had its Relative Strength (RS) Rating upgraded from 69 to 81 Monday.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
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Is MasTec Stock A Buy?
MasTec stock is trading at its 50-day moving average. While the stock is not near an ideal buying range right now, see if it manages to form and break out of a proper base. The current stock market outlook is market correction so it's best not to add positions in during these market conditions.
The construction company reported -36% EPS growth in the latest quarterly report. Revenue increased 9%. The company is expected to report its latest numbers on or around May 2.
MasTec stock holds the No. 15 rank among its peers in the Building-Heavy Construction industry group. AECOM, Granite Construction and Quanta Services are among the top 5 highly rated stocks within the group.
