One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Tenaris stock cleared that benchmark Thursday, with a jump from 77 to 81 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or better RS Rating as they begin their biggest price moves.
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Is Tenaris Stock A Buy?
Tenaris stock is trying to complete a flat base with a 34.20 buy point. See if the steel stock can clear the breakout price in volume at least 40% above average.
The steel producer posted 76% earnings growth in the latest quarterly report. Sales gains came in at 46%.
Tenaris stock earns the No. 1 rank among its peers in the Steel-Producers industry group.
