In a welcome move, Compass Minerals saw its Relative Strength Rating rise from 63 to 79 on Wednesday.
IBD's unique RS Rating tracks 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.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Compass Minerals can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Compass Minerals is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could ignite a new run.
Compass Minerals posted 0% EPS growth last quarter, while sales growth came in at -2%. Look for the next report on or around Dec. 16.
Compass Minerals holds the No. 5 rank among its peers in the Chemicals-Basic industry group. Hawkins is the top-ranked stock within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!