Tenaris stock saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 68 to 72.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to 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 tend to have an RS Rating of over 80 in the early stages of their moves. See if Tenaris stock can continue to rebound and hit that benchmark.
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Is Tenaris Stock A Buy?
Tenaris stock is still within a buy zone after moving past a 35.98 buy point in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
Earnings growth rose last quarter from 13% to 40%, but revenue fell from 9% to -6%.
Tenaris stopck earns the No. 1 rank among its peers in the Steel-Producers industry group.
