One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Kaiser Aluminum cleared that benchmark Thursday, with a jump from 70 to 82 Thursday.
IBD's proprietary rating identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
Risk Management In The Stock Market: How Much Money To Invest Now
Kaiser Aluminum is building a cup without handle with a 102.42 entry. See if it can clear the breakout price in volume at least 40% above average.
Top and bottom line growth moved higher last quarter. Earnings were up 11%, compared to -48% in the prior report. Revenue increased from -5% to 1%.
The company holds the No. 10 rank among its peers in the Metal-Fabricators industry group. Mueller Industries, Northwest Pipe and RBC Bearings are among the top 5 highly rated stocks 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!
