On Tuesday, Constellium stock received a positive adjustment to its Relative Strength (RS) Rating, from 78 to 83.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the best stocks often have an RS Rating of above 80 in the early stages of their moves.
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Is Constellium Stock A Buy?
Constellium stock is building a cup without handle with a 23.20 entry. See if the steel stock can clear the breakout price in heavy trade.
Earnings growth rose last quarter from -62% to -20%, but sales fell from -10% to -12%.
Constellium stock holds the No. 6 rank among its peers in the Steel-Specialty Alloys industry group. Carpenter Technology, Universal Stainless and Worthington Steel are among the top 5 highly rated stocks within the group.
