The Relative Strength (RS) Rating for Mueller Industries climbed into a higher percentile Thursday, as it got a lift from 64 to 72.
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This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they begin their largest price moves. See if Mueller Industries can continue to show renewed price strength and clear that threshold.
Mueller Industries has moved more than 5% past a 60.31 entry in a fifth-stage flat base, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Mueller Industries reported 15% earnings growth in the latest quarterly report. Sales rose 18%.
The company earns the No. 3 rank among its peers in the Metal-Fabricators industry group. RBC Bearings 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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