On Tuesday, Construction Ptrs Cl A hit an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 78 the day before.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest climbs.
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Construction Ptrs Cl A has moved more than 5% past a 66.78 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 32% last quarter, up from -5% in the prior report. Revenue also increased, from 13% to 42%.
Construction Ptrs Cl A earns the No. 4 rank among its peers in the Building-Heavy Construction industry group. Argan is the top-ranked stock within the group.
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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