The Relative Strength (RS) Rating for Arcelor Mittal climbed into a higher percentile Tuesday, as it got a lift from 70 to 76.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an 80 or better RS Rating as they launch their largest runs. See if Arcelor Mittal can continue to show renewed price strength and hit that benchmark.
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Arcelor Mittal stock is trying to complete a consolidation with a 37.97 entry following an earlier failed breakout from a double-bottom. See if the stock can break out in volume at least 40% above average.
Earnings growth picked up last quarter from 0% to 1,860%. But sales fell from 52% to 47%.
The company earns the No. 8 rank among its peers in the Steel-Producers industry group. Nucor and Steel Dynamics are also among the group's highest-rated stocks.
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