Primoris Services saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 79 to 90.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an 80 or higher RS Rating at the beginning of a new run.
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Primoris Services is not currently near a potential buy zone. See if the stock goes on to form a promising consolidation that could kick off a new climb.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 33%, compared to 20% in the prior report. Revenue increased from 8% to 15%.
The company earns the No. 3 rank among its peers in the Building-Heavy Construction industry group. Argan is the top-ranked stock within the group.
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