In a welcome move, MYR Group saw its Relative Strength Rating improve from 65 to 72 on Tuesday.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they launch their largest runs. See if MYR Group can continue to rebound and clear that threshold.
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While now is not an ideal time to jump in, see if the stock is able to offer and clear a proper buy point.
Earnings growth slowed last quarter from 0% to -49%. But revenue gains moved higher, from -7% to -5%.
MYR Group holds the No. 10 rank among its peers in the Building-Maintenance & Services industry group. EMCOR Group, IES Holdings and Frontdoor are among the top 5 highly rated stocks within the group.
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