MYR Group had its Relative Strength (RS) Rating upgraded from 69 to 78 Wednesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they begin their largest runs. See if MYR Group can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
MYR Group is building a consolidation with a 168.88 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Earnings growth fell in the most recent report from 0% to -49%. But revenue moved higher, from -7% to -5%.
MYR Group earns the No. 11 rank among its peers in the Building-Maintenance & Services industry group. EMCOR Group, IES Holdings and Frontdoor are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
