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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and JULIE MAK

Clean Harbors Stock Sees Improved Relative Strength

Clean Harbors stock had its Relative Strength (RS) Rating upgraded from 62 to 78 Thursday -- a welcome improvement, but still shy of the 80 or better score you look for.

As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.

History shows that the market's biggest winners often have an 80 or higher RS Rating as they begin their largest runs. See if Clean Harbors can continue to show renewed price strength and clear that threshold.

Looking For Winning Stocks? Try This Simple Routine

Is Clean Harbors Stock A Buy?

Clean Harbors stock just retook the 50-day line and is trying to complete a consolidation with a 118.99 entry. See if the stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.

 

The hazardous waste removal firm saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 27% to 41%. Revenue rose from 22% to 41%.

Clean Harbors stock holds the No. 3 rank among its peers in the Pollution-Control industry group. Clean Harbors and Heritage-Crystal Clean are also among the group's highest-rated stocks.

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