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Investors Business Daily
Investors Business Daily
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INVESTOR'S BUSINESS DAILY

Clean Harbors Shows Market Leadership With Jump To 82 RS Rating

When building your watch list, look for stocks with an 80 or higher RS Rating. Clean Harbors just cleared that benchmark with an upgrade from 79 to 82.

IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.

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Clean Harbors has climbed more than 5% past a 174.54 entry in a second-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.

In terms of revenue and profits, Clean Harbors has posted two quarters of rising earnings growth. Revenue growth has also moved higher during the same period.

Clean Harbors holds the No. 4 rank among its peers in the Pollution-Control industry group. Perma-Pipe Intl is the No. 1-ranked stock within the group.

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