US Steel had its Relative Strength (RS) Rating upgraded from 90 to 95 Tuesday.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks typically have an RS Rating of at least 80 as they launch their largest price moves.
How To Use Stock Charts To Stay Profitable And Protected
US Steel is now considered extended and out of buy range after clearing a 41.38 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth rose last quarter from -60% to 0%. But revenue gains fell from -13% to -15%. Keep an eye out for the company's next round of numbers on or around Apr. 24.
The company earns the No. 2 rank among its peers in the Steel-Producers industry group. Grupo Simec ADR is the No. 1-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.
RELATED:
Which Stocks Are Showing Improved Technical Action?
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!
