Arcosa had its Relative Strength (RS) Rating upgraded from 79 to 83 Monday.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
History shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
While now is not an ideal time to jump in, see if the stock goes on to form a chart pattern and break out.
While sales growth fell last quarter from 14% to 8%, earnings-per-share grew 25%, up from 20% in the prior report.
Arcosa holds the No. 8 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind, Mueller Water Products and Interface are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
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!
