The Relative Strength (RS) Rating for Waste Connections jumped into a new percentile Wednesday, as it got a lift from 66 to 71.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.
History shows that the best-performing stocks often have an 80 or higher RS Rating as they launch their biggest climbs. See if Waste Connections can continue to show renewed price strength and clear that threshold.
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Waste Connections is trying to complete a flat base with a 187.53 buy point. See if it can clear the breakout price in volume at least 40% above average.
Earnings growth decreased last quarter from 22% to 15%, but revenue rose from 11% to 13%.
The company holds the No. 7 rank among its peers in the Pollution-Control industry group. Tetra Tech, Perma-Pipe Intl and Clean Harbors are among the top 5 highly rated stocks within the group.
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