SABESP ADR had its Relative Strength (RS) Rating upgraded from 73 to 83 Monday.
IBD's proprietary rating 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 stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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The IBD 50 stock broke out earlier, but is now around 4% below the prior 17.21 entry from a double bottom. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also keep in mind that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Top and bottom line growth moved higher last quarter. Earnings were up 556%, compared to 39% in the prior report. Revenue increased from -6% to 114%. The next quarterly results are expected on or around Mar. 24.
The company holds the No. 1 rank among its peers in the Utility-Water Supply industry group. American Water Works and Middlesex Water are also among the group's highest-rated stocks.
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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