One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Knife River just hit that mark, with a jump from 80 to 84 Tuesday.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or higher RS Rating as they launch their biggest price moves.
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Knife River is now considered extended and out of buy range after clearing a 49.19 buy point in a first-stage cup without 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 line.
The company posted 0% earnings growth in its most recent report, while sales growth came in at 7%.
Knife River holds the No. 5 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. U.S. Lime & Minerals is the No. 1-ranked stock within the group.
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