SABESP ADR had its Relative Strength (RS) Rating upgraded from 70 to 78 Tuesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's proprietary RS Rating measures 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.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating of over 80 in the early stages of their moves. See if SABESP ADR can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
SABESP ADR is not currently showing a potential buy point. See if the stock goes on to build a chart pattern that could kick off a new climb.
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 is expected to report its latest earnings and sales numbers 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 Essential Utilities 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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