On Monday, Knife River received an upgrade to its Relative Strength (RS) Rating, from 79 to 85.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Knife River is working on a consolidation with a 108.83 entry. See if it can clear the breakout price in volume at least 40% above average. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
Knife River saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 14%. Revenue rose from 1% to 2%.
The company holds the No. 3 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. U.S. Lime & Minerals 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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