The Relative Strength (RS) Rating for Knife River climbed into a new percentile Friday, with a rise from 72 to 81.
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IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
Knife River is trying to complete a consolidation with a 108.83 entry. See if it can clear the breakout price in heavy trading. It's a later-stage pattern, and investors should be aware that those are less likely to work.
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%. Look for the next report on or around May 6.
The company earns the No. 3 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.
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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