On Thursday, Knife River earned an upgrade to its Relative Strength (RS) Rating, from 64 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating of at least 80 as they launch their biggest price moves. See if Knife River can continue to rebound and hit that benchmark.
Knife River is trying to complete a consolidation with a 108.83 entry. See if the stock can break out in volume at least 40% above average. Be aware that it's a third-stage base. Later-stage patterns can work, but have a greater chance of failing since, by that point, the stock has already made a significant climb..
Earnings grew 14% last quarter, up from 1% in the prior report. Revenue also increased, from 1% to 2%. The next quarterly numbers are expected on or around May 6.
The company earns the No. 5 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.
RELATED:
Stocks With Rising Relative Strength Ratings
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!
