SABESP ADR saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 90 to 94.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against all other stocks in our database.
History shows that the best stocks typically have an RS Rating north of 80 at the beginning of a new climb.
How To Use Stock Charts To Stay Profitable And Protected
While the stock is not near a proper buy point right now, see if it goes on to form and break out of a proper consolidation.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 556%, compared to 39% in the prior report. Revenue increased from -6% to 114%.
The company holds the No. 1 rank among its peers in the Utility-Water Supply industry group. SABESP ADR and American Water Works 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.
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!
