Commercial Metals had its Relative Strength (RS) Rating upgraded from 69 to 73 Monday — a welcome improvement, but still below the 80 or higher score you prefer to see.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an 80 or higher RS Rating as they launch their largest price moves. See if Commercial Metals can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Commercial Metals is in a buy zone after climbing above a 61.26 buy point in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
Although earnings and sales growth came in at -43% and -10%, respectively, in the latest report, that means earnings have have shown improvement for two straight quarters and sales have risen for one.
Commercial Metals earns the No. 7 rank among its peers in the Metal-Fabricators industry group. Mueller Industries, Northwest Pipe and RBC Bearings are among the top 5 highly rated stocks within the group.
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