One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Granite Construction stock cleared that benchmark Friday, with a jump from 77 to 83 Friday.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Is Granite Construction Stock A Buy?
Granite Construction retook its 200-day moving average in late October and has been rallying ever since. The stock is not currently near a potential buy zone. See if the stock goes on to build a base that could launch a new move. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher last quarter. Earnings were up 34%, compared to -28% in the prior report. Revenue increased from -8% to -5%.
Granite Construction stock holds the No. 5 rank among its peers in the Building-Heavy Construction industry group. Sterling Infrastructure and KBR Inc are also among the group's highest-rated stocks.