GFL Environmental had its Relative Strength (RS) Rating upgraded from 78 to 82 Wednesday.
IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest price moves.
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GFL Environmental is working on a flat base with a 43.79 buy point. See if it can break out in volume at least 40% above average.
GFL Environmental saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -88% to -41%. Revenue rose from 0% to 6%. Keep an eye out for the company's next round of numbers on or around Nov. 6.
The company earns the No. 15 rank among its peers in the Pollution-Control industry group. Tetra Tech, Perma-Pipe Intl and Clean Harbors are among the top 5 highly rated stocks within the group.
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